Steemit is losing its leadership position in the social dapp category with a decrease of almost 40% in daily active users
In our latest report, we take a closer look at the social dapp ecosystem trends and analyze the performance of the most popular social dapps at DappRadar.
#1 social dapp - Steemit
Steemit runs on the Steem blockchain and redefined social media by building a living, breathing social economy – a community where users are rewarded for sharing their voices. But all is not well on the Steem blockchain since Justin Sun entered the frame.
Steemit has seen a drop in daily active users by 40% in May and a decrease in value of 57%. However, it currently still stands as the number 1 social dapp on DappRadar.
Also, in our report, we included social dapps like Hive Blog, Peakd as well as Esteem which decided to make the switch to Hive, and the most popular social dapp on Wax - Karma.
The full report you can access by clicking on the link below.