Web3 Rebounds in May 2025 with 25M Wallets, NFT Growth, and DeFi Revival

Sun Jun 08 2025
DappRadar reports 25 million daily Web3 users, $197B in DeFi TVL, and a 41% NFT market surge in May 2025. Utility, not hype, is driving the comeback.

🌐 Web3 Is Back, Baby: 25M Wallets, DeFi Revival & NFTs That Actually Do Stuff

After months of crickets, Web3 is pulsing with life again. May 2025 brought a surge in on-chain activity across dapps, DeFi, NFTs, and even AI-powered protocols — signaling a major comeback for the decentralized internet.


📱 25M Active Wallets: The Comeback Is On

Web3 daily users jumped to 25 million in May — an 8% increase from April. That’s the highest number this year, driven by:

  • 🚀 Bitcoin and Ethereum market gains
  • 🎮 Gaming dapps (34% of traffic)
  • 💬 Social dapps (17%)
  • 💰 DeFi platforms (16%)

The hype is fading — utility is what’s bringing people back.


💸 DeFi Is Rebuilding — 197B and Rising

Total Value Locked (TVL) in DeFi shot up by 25%, reaching nearly 200 billion again.

Biggest movers:

  • Ethereum: +17% to 130B
  • Blast: +57% — thanks to airdrops and high-yield hype
  • Arbitrum: +7% — steady growth from Layer 2 believers

This isn’t just speculative heat — it’s a confidence comeback powered by cleaner, more sustainable protocols.


🎨 NFTs: Not Dead, Just Different

NFT trading volume hit 280 million in May, a +41% jump.

Top chains:

  • Ethereum: 141M (+18%)
  • Solana: 90M (+26%)
  • Polygon: 35M (+149%)

But this isn’t your 2021 JPG mania. 🚀 Guild of Guardians Avatars led Immutable with 340K+ trades. Gaming and metaverse NFTs are dominating — and they’re useful.


🤖 AI x Web3: The Next Wave

AI-powered dapps? Up 23%, with 4.8 million daily users.

🔥 Standouts:

  • KIP Protocol (BNB Chain): decentralized creator economy
  • AI Arena & ChainGPT: where neural nets meet gaming and analytics

Web2 AI + Web3 infra = the ultimate crossover event.


🧠 From Hype to Utility: The New Web3 Thesis

The real flex? Web3 isn’t just surviving — it’s maturing.

  • Games now reward players with real ownership, not just leaderboard clout
  • NFTs act as game passes, ID, and metaverse assets
  • AI dapps make crypto smarter, not just trendier

May 2025 marks a turning point: memes are giving way to meaning.


🧾 TL;DR

  • 👛 Web3 daily wallets hit 25M — highest of 2025
  • 🏦 DeFi TVL jumped 25%, led by Ethereum and Blast
  • 🖼 NFT trading spiked 41%, with gaming NFTs in the lead
  • 🤖 AI-powered dapps are on fire — 4.8M daily users
  • ⚙️ The hype era is fading — real use cases are driving growth

Web3 isn’t dead — it just evolved. Welcome to the next cycle.

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