DappRadar Report: AI dApps Experience 372% Growth in 2024

The AI sector is making waves in every part of our lives. The crypto sector didn’t stay behind. This resulted in AI dApps being the most used category in Q3, 2024. DappRadar has recently released a report on the AI dApps sector. 

So, let’s take a closer look at what has been going on with the AI dApps sector in crypto. We are going to take a closer look at this report.

AI dApps on the Rise

AI dApps are on the rise. The recent DappRadar report shows us all the statistics. AI dApps even surpass the popular blockchain gaming dapps. As reported in our article last week. The dApps sector grew to 17 million daily unique active wallets (dUAW) during Q3. 

In the DappRadar report, you can find the AI dApps under the ‘other’ or ‘social’ categories. However, they outranked gaming as the most active category. That’s an amazing feat. Blockchain gaming has all the ingredients to grow a lot bigger. So, outpacing this category means something.

From an activity perspective, AI dApps take 28% of the dApps pie. Blockchain gaming has a 25% share. That’s an interesting situation because gaming was a long-term leader of the dApps pack.  Since the start of 2024, AI dApps saw a 372% growth in their activity. This translates to 4.8 million dUAW during Q3. See the picture below.

This also shows that our society is making a change in direction. Automation and data-driven decision-making is becoming more popular. AI helps to manage this data drive society. It can assist with, for instance,

• Efficiency.
• Personalization.
• And smarter solutions

The world we live in becomes more interconnected and relies more on digital systems. AI provides solutions to this intricate set up. It’s efficient, can become personalized, and offers smart solutions.

Some of the Hottest AI dApps

• Alaya AI

Alaya AI is an AI platform that uses blockchain technology. Its platform has only been on the market for a year. However, in that time, it became popular. It already has over 1.12 million registered users. Out of these, it has 160,000 DAU or daily active users. It also has over 139,000 daily transactions. That’s good, since the more users and transactions, the better the AI software can develop.

🦾Recently, we’ve noticed that many people ask about the functions of the Alaya token and how it contributes to the AI data industry. To learn more about us, we recommend that new users check our latest Gitbook for the product intro.

📖Website: https://t.co/0rT0QiZkgo pic.twitter.com/sYabceRY5U

— Alaya_AI (@Alaya_AI) September 13, 2024

• DIN

DIN (Data Intelligence Network) is a modular AI-native data pre-processing layer. What does this mean? It simplifies and monetizes the data preparation process for AI systems. It only launched in April 2024. Still, it managed to become popular in this short time frame.

When you contribute to their ecosystem, you get their $DIN token as a reward. DIN already had 1 million daily users. See the picture below. 

Source: DappRadar

• RIDO Protocol

RIDO Protocol extracts value from personal data on both Web2 and Web3 platforms. It wants to change the way data ownership currently works. For example, data owners can change access permissions.

This puts you, the owner, in control. You can set specific rules.  This applies to NFTs, custom logic, tokens, and more. With their Launch App, you can migrate Web2 data to Web3. See the picture below.

Source: RIDO Protocol

• Holoworld AI

Holoworld AI merges AI, Web3, and 3D entertainment. You can create your virtual characters on Holoworld. It has, for instance, a marketplace. You can launch your very own virtual influencer, a VTuber. It’s also a new project, it launched in January this year.

Holoworld, the first ever Web3 AI + 3D entertainment social network built on blockchain

Open beta starts now:https://t.co/z3TiJEdC6B pic.twitter.com/wRZBDfCJoQ

— Holoworld AI (@HoloworldAI) January 29, 2024

Conclusion

AI dApps are currently the most popular dApps. We look into a DappRadar report about these AI dApps and look at some popular AI projects.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.

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