DappRadar Reveals Q1 2025 Web3 Trends: DeFi Slumps, AI & Social dApps Soar

Q1 2025 witnessed a dynamic shift in the web3 landscape. While decentralized finance (DeFi) experienced a significant downturn, driven by high-profile security breaches and economic uncertainties, AI and social dApps saw significant growth. DappRadar’s Q1 report reveals that DeFi TVL plummeted 27% to reach $156 billion, with major chains seeing declines in activity. This decline was heavily impacted by Bybit’s massive exploit, orchestrated by the alleged TraderTraitor group from North Korea, resulting in a significant loss of assets.