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DeFi Dips 27% in Q1 While AI and Social dApps Fuel Web3 Surge – DappRadar Report

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  • Total Value Locked (TVL) in DeFi fell 27% to $156B, largely due to market instability and the $1.4B Bybit exploit.
  • AI & Social Surge: AI dApps grew 29% and social dApps rose 10%, showing user appetite for emerging use cases.
  • ETH dropped 45% in value, affecting DeFi platforms broadly, except for Berachain, which stood out as a rare exception.

The first quarter of 2025 revealed a mixed trend for Web3, as outlined in DappRadar’s latest report. While the DeFi sector struggled through economic turbulence and security breaches, other sectors like AI and social dApps showed promising growth. According to DappRadar’s Q1 2025 report, the decentralized app (dApp) industry saw mixed trends.

Consequently, the daily unique active wallets (dUAW) dropped slightly to 24 million, down 3% from the previous quarter. However, AI and social dApps gained momentum growth, with the reports showing AI dApps surging 29% QoQ to 2.6 million dUAW and social dApps growing 10% to 2.8 million dUAW. 

DeFi Stumbles While AI and Social dApps Thrive in Q1 2025

DeFi Dips 27 in Q1 While AI and Social dApps Fuel Web3 Surge
DeFi Dips 27% in Q1 While AI and Social dApps Fuel Web3 Surge – DappRadar Report 2

According to recent news, the dApp space held its ground in Q1 2025, even as activity cooled slightly. There was strong energy in the crypto world earlier, but things took a hit after Trump entered office, with market uncertainty pulling prices down. That dip usually means fewer people use dApps, but even with that, 24 million daily active wallets were recorded, just a 3% drop from the previous quarter.

Considering the broader economic pressures, this slight decline suggests that user interest in decentralized apps is still holding steady. On the other hand,  DeFi took a heavy blow and was caught in a financial storm. This was caused by the bigger economic uncertainty and the ripple effects of the major Bybit exploit, which pushed confidence and numbers down.

Total Value Locked (TVL) sank by 27%, landing at $156 billion. To make matters worse, Ethereum saw its value drop by 45%. Altogether, it was a tough quarter that reflected how quickly things can shift when trust and stability shake in the system. This downward trend swept through nearly all of the top 10 blockchains by TVL, except Berachain, which managed to buck the pattern.

SUI Overtakes Tron: Now the 3rd Blockchain by Daily Active Users

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  • SUI surpasses Tron With 2.46 million daily active users, SUI is now the third-largest blockchain by engagement.
  •  Despite a 19.97% weekly price decline, SUI has added over 4.1 million new accounts in April alone.
  • User activity on Tron continues to decline, with falling new address creation and increased wallet churn.

While the cryptocurrency markets continue to face bearish pressures, SUI’s story is making waves for a completely different reason. The layer-1 blockchain has surpassed Tron to become the third largest network by daily active users, thus achieving a significant milestone in SUI’s adoption journey.

Even though SUI’s token price has taken a major hit, the network activity on SUI has increased significantly, suggesting that the fundamentals of the blockchain ecosystem are moving towards strength in the long term.

SUI Blockchain Outpaces Tron in Daily Active Addresses Despite Market Slump

The blockchain recently featured on crypto news sites claiming that SUI surpassed Tron in active addresses. The reason being that Tron saw a decline from 2.77 million to 2.45 million active addresses, thus allowing SUI to claim the fourth spot on the leaderboard. On the network, daily active addresses increased from 1.38 million to 2.46 million, which is an astonishing increase of over one million users in such a short time.

This rise in SUI active addresses can be attributed to market movements as well as increased blockchain participation. The price decline of the SUI token is also notable. Currently, SUI is trading at $2.17, which represents a 9.73% decline in the last 24 hours and a 20% loss in the week. However, with the prolonged bearish sentiments dominating the crypto-market, it seems like user adoption is mercilessly unaffected.

SUI 1D graph coinmarketcap 1
SUI Overtakes Tron: Now the 3rd Blockchain by Daily Active Users 4

Explosive Growth Shows Real-World Traction

The SuiScan blockchain explorer indicates the user accounts on SUI have already exceeded 123 million in early April 2025. Even in this month, more than 4.1 million new users have joined the network, which puts the number of total user accounts active above 100 million—more than an 81% engagement ratio. 

SUI is among the most actively used chains globally in terms of transaction volume. The network achieved remarkable on-chain activity by executing over 8 billion transactions and 2.9 billion transaction blocks from May 2023 to January 2025. 

Nonetheless, Solana still sits with the highest number of daily active addresses, despite their decrease from 5.2 million to 4.4 million. BNB Chain improved its position from the 6th to 5th spot, boasting 1.49 million active users, while Base tumbled down from 5th to 7th place. 

Tron’s decline is shown in various metrics. New addresses on the network have seen a 3.06% decline, with active ones falling 6.86%, according to IntoTheBlock. Interestingly, the number of zero-balance wallets has grown by 16.42%, indicating increasing user attrition and potential dissatisfaction. 

With the growing user base on SUI, the new trends also suggest that regardless of market conditions, SUI is reinforcing an important dynamic observed in blockchains—utility combined with adoption is increasingly emerging as a benchmark for long-lasting success over price alone.

SHIB on the Move: Could a 143% Rally Push Prices to $0.00003036?

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  •  Shiba Inu rose 1.47% after bouncing from a recent low, signaling renewed investor interest.
  •  Indicators like RSI, MACD, and WTO point to increasing buying pressure and potential trend reversal.
  •  With bullish momentum growing, SHIB could revisit December highs and reach $0.00003036.

Shiba Inu (SHIB), the meme-inspired cryptocurrency, is in the news again following early indicators suggesting a possible breakout. After a recent low of $0.00001182, Shiba Inu has increased by 1.47% and is showing bullish sentiment. This is happening as the entire crypto market cools down after the tariff complications, giving SHIB holders renewed hope.

SHIB 1D graph coinmarketcap 2
SHIB on the Move: Could a 143% Rally Push Prices to $0.00003036? 7

Last week Shiba Inu witnessed a momentary spike of 20%, but soon after retraced that increase, raising concerns of SHIB being another bear rally. Nonetheless, traders seem to be focusing on recent developments this time around.

One of the most noteworthy developments is that TradingView’s anonymous analyst “Bicoinmoney” shared their theory that the recent price movement will not be a false breakout but rather the start of a more prolonged ascent.

Technical Indicators Favor a SHIB Breakout Toward $0.00003036

Bicoinmoney’s analysis suggests there is a less common bullish pattern called a descending wedge, which is tracked on a 3-day chart. At the time of writing, Shiba Inu was trading between the points 0.00001150 and 0.00001200, which indicates that a breakout is soon. 

Most likely Shiba Inu is currently positioned at a relatively firm price mark ($0.00001150 to $0.00001200) and from the wedge tip, suggesting a wedge peak signal indication for a breakout. Moreover, the relative strength index (RSI) is currently logged at 34.17, which indicates that it is quite near to oversold territory or even inside it. 

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SHIB on the Move: Could a 143% Rally Push Prices to $0.00003036? 8

Furthermore, the RSI values aligning with price suggest buyers may be coming in, pairing in fact with MACD lines. Historically this indicates an uptrend. The WTO, along with the bullish algo cluster, shows a shift into bullish territory, while the WTO presents rising prices for buying, confirming the alignment of buying power surpassing anything. 

In the Shiba Inu analysis, the Ichimoku cloud reflects the current formation, suggesting downward price movement, which keeps the trader on alert. The silver lining is that the cloud encompassing the price action is compressing, indicating upward movement, while the accumulation shifts are likely to influence support. 

On the bullish case, deploying characters stronger at Ichimoku cloud leaves gaps between formations, indicating building pressure beneath, which allows the trades losing hope to ride to the last beams, acquiring potential boosted by escaping gaps, enabling preservation as they initiate, allowing profits to be added, and powering drop steps onto quickly shooting in values.

Despite the bearish signals presented by the Ichimoku Cloud, multiple technical indicators point towards an impending significant change for SHIB. This means Shiba may move towards the price target of $0.00003036, which is set for December to mark an increase of 143%.

83% of Investors Have Fallen Victim to Scams or Hacks – Chainplay

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  • 83% of cryptocurrency investors have experienced scams or hacks at least once, with average losses reaching $2,622 per person. 
  • Crypto exchange users have lost over $27 billion due to hacks. 
  • 64% of hacking activities targeted decentralized exchanges (DEXs); the financial damage on centralized exchanges (CEXs) was 27 times greater. 
  • This highlights the vulnerabilities in both types of platforms and shows the need for stronger security measures.

Crypto investors have continued to receive attacks from scams, leading to unfavourable investment returns and loss in financial stability. Recent research shows that 83% of crypto investors have suffered scams or hacks, with average losses of $2,622 per person.

Prior to these findings, the study analyzed the top 300 cryptocurrency projects by market capitalization, taking data from CoinGecko. The researchers compiled each project’s official website and Twitter profile before generating 200 potential phishing websites and 200 fake Twitter accounts per project. The study then verified how many of these fraudulent sites and accounts were active and shows the prevalence of cyber threats targeting crypto investors.

Crypto Exchanges Under Siege As DEXs and CEXs Suffer Losses.

As per Chainplay and Storible’s research, crypto users lost $27 billion because of hacks, with DEXs suffering from attempts to breach them (64%). Equally, CEXs suffered greater losses, financially, 27 times more.  

Exchange hacks losses stand at almost $29 billion, with CEX users losing over $26.4 billion, DEX users over $800 million, and exchanges themselves over $1.6 billion. This shows that financially more risks come with centralized platforms as compared to decentralized ones.  

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83% of Investors Have Fallen Victim to Scams or Hacks - Chainplay 10

Moreover, the research highlights the most notorious scam activities, such as impersonation on social media at 34%, exchange hacks at 21%, and phishing at 19%. These methods are most often used by scammers trying to defraud crypto investors, which makes security education fundamental for crypto participants.  

Crypto Investment Scams Suggest Stricter Security  

In the last decade, crypto-related crimes have brought over $30 billion in losses, with rug pulls being the most prevalent crime. Centralized exchanges (CEX) have emerged as the most targeted victims.

Because cryptocurrency transactions are decentralized and can be done anonymously, combating fraud alongside asset recovery becomes especially challenging. The new wave of scams and hacks further intensifies these risks, warranting the protection of investors even more. More sophisticated marketing alongside heightened investor vigilance is needed in the cryptocurrency sector.

CZ Donates $600K in BNB for Myanmar & Thailand Earthquake Relief

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  • CZ donated 1,000 BNB, valued at approximately $600,000, to aid earthquake victims in Myanmar and Thailand as part of Binance Charity’s relief initiative.
  • Binance Charity is distributing up to $1.5 million in BNB to affected users through blockchain technology, using KYC verification to ensure fair distribution.
  • This donation follows CZ’s history of philanthropic contributions, including aid to victims of crypto scams and financial losses in the Web3 space.

Changpeng ‘CZ’ Zhao, a former Binance CEO, has officially stepped up to support earthquake victims in Myanmar and Thailand by donating 1,000 BNB, which is worth approximately $600,00. This is as a response to Binance Charity’s recent initiative aimed at aiding those affected by the devastating earthquake on March 28

CZ $600K BNB Donation for Earthquake Relief

Zhao, now the head of YZi Labs, has confirmed his pledge to donate 500 BNB to Myanmar and another 500 BNB to Thailand In a social media post.  Also, a blockchain data released on April 3 reported that CZ  donated a large amount of BNB worth $598,025 approximately 8:00 AM UTC.

His contribution is in alignment with Binance Charity’s ongoing relief efforts, which is aimed to distribute up to $1.5 million worth of BNB to affected users in both countries. The funds are expected to reach eligible recipients by April 14. 

How Binance Charity is Supporting Victims

Binance Charity’s program is utilizing Blockchain technology to aid in quick and efficient distribution of aid. The initiative uses know-your-customer (KYC) and proof of Address verification tomodemtify eligible Binance users in the disaster-stricken areas under the program.

  • Verified Binance users in Myanmar will receive $5 worth of BNB, while those in the most impacted areas will receive $50 each.
  • In Thailand, only Gulf Binance users who have completed KYC are eligible, with standard recipients receiving $5 and those in highly impacted regions receiving $10 in BNB.

“In times of crisis, every second counts. Blockchain and digital assets have provided an effective and efficient means of delivering financial aid to disaster victims,” CZ stated, encouraging others to contribute to the relief efforts. Shortly after CZ’s announcement, BNB’s price saw a slight dip of 0.68%, with the token trading at $598.51, according to crypto.news.

This donation follows previous philanthropic efforts by Zhao, including a 150 BNB contribution earlier this year to victims of the LIBRA memecoin scam, as well as donations to traders affected by the collapse of TST and BROCCOLI memecoins.