NFT decentralized applications (DApps) edged out decentralized finance (DeFi) in active user engagement last month, attracting approximately 3.85 million users. This slight advantage comes despite DeFi protocols achieving a milestone $270 billion in liquidity, largely propelled by growing interest in tokenized stock offerings.
Simultaneously, NFT trading volumes experienced a substantial rebound, surging 96% to $530 million. Market dominance was concentrated on Ethereum’s Blur marketplace, which captured up to 80% of daily trading activity during this period.
Increased mainstream adoption contributed significantly to NFT engagement, with global brands including Nike and Louis Vuitton actively experimenting with tokenized assets. These initiatives broadened sector appeal and reinforced utility-driven use cases throughout the ecosystem.