DappRadar tracked the blockchain industry in Q1 2023.
DappRadar tracked the blockchain industry in Q1 2023.
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Active blockchain wallets drop 9.7% compared to previous quarter | DappRadar

  • Posted byby Dean Takahashi
  • Updated
  • 7 min

In the first quarter, the number of unique active blockchain wallets dropped 9.7% compared to the previous fourth quarter, according to a quarterly report by measurement firm DappRadar.

Blockchain gaming continues to dominate the Web3 industry, with an average of 791,474 daily Unique Active Wallets (dUAW) in Q1, representing a decrease of 8.58% from the previous quarter, DappRadar said. Gaming holds a 45.6% share of the entire industry.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.