The number of users or unique addresses leveraging decentralized finance (defi) protocols via Ethereum has risen past 3 million according to recent statistics. A vast majority of these unique addresses use the defi protocol Uniswap, as 2.4 million users have been recorded since December 2018.
Ethereum Defi Applications See Unique Addresses Surpass 3 Million
According to statistics from Dune Analytics, the number of users or unique ethereum addresses utilizing defi has jumped past the 3 million threshold this week. At the time of writing, data shows there are 3,092,000 unique addresses recorded on July 27. The lion’s share of these addresses stems from the decentralized exchange (dex) platform Uniswap.
Uniswap’s dex currently has approximately 2,438,374 unique addresses that leverage the Uniswap trading protocol. It’s worth noting, however, that since a user can have more than one unique address, records could be considered overestimates. Further, the data from Dune Analytics’ “Defi Users Over Time” chart only captures a snapshot of Ethereum-based defi apps.
The defi lending application Compound holds around 326,723 addresses on Tuesday and the liquidity protocol 1inch has around 276,924 unique addresses. Behind Uniswap, Compound, and 1inch, are defi apps like Sushiswap, Balancer, and Kyber, respectively.
Total Value Locked Jumps $10B, Dex Volume Grows, Defi Tokens Gather Double-Digit Gains
While cryptocurrency markets saw some price recovery this week, defi crypto assets saw significant increases. Seven days ago, the total value locked (TVL) across a myriad of defi applications recorded by defipulse.com shows the TVL was around $55 billion. The TVL metric has since increased to the current $65 billion recorded on July 27.
Decentralized exchange (dex) statistics show that there was $2.33 billion in trade volume recorded on popular dex platforms over the last 24 hours. Seven-day data indicates $15 billion in global swaps were recorded, and Uniswap captured 64% of that volume.
These stats represent ETH-based dex platforms only. Uniswap’s volume trade volume is followed by Sushiswap (9.6%), Curve (7.8%), and 0x Native (5.5%). Defi tokens stemming from applications like Uniswap, Sushiswap, and Aave saw double-digit gains after BTC’s short squeeze on Sunday evening.
What do you think about the recent defi action over the last week? Let us know what you think about this subject in the comments section below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Dune Analytics, Defipulse.com,
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The variety of customers or distinctive addresses leveraging decentralized finance (defi) protocols through Ethereum has risen previous 3 million in keeping with latest statistics. A overwhelming majority of those distinctive addresses use the defi protocol Uniswap, as 2.4 million customers have been recorded since December 2018.
Ethereum Defi Functions See Distinctive Addresses Surpass 3 Million
In response to statistics from Dune Analytics, the variety of customers or distinctive ethereum addresses using defi has jumped previous the three million threshold this week. On the time of writing, knowledge exhibits there are 3,092,000 distinctive addresses recorded on July 27. The lion’s share of those addresses stems from the decentralized trade (dex) platform Uniswap.
Uniswap’s dex at the moment has roughly 2,438,374 distinctive addresses that leverage the Uniswap buying and selling protocol. It’s price noting, nonetheless, that since a person can have multiple distinctive tackle, information might be thought-about overestimates. Additional, the info from Dune Analytics’ “Defi Customers Over Time” chart solely captures a snapshot of Ethereum-based defi apps.
The defi lending software Compound holds round 326,723 addresses on Tuesday and the liquidity protocol 1inch has round 276,924 distinctive addresses. Behind Uniswap, Compound, and 1inch, are defi apps like Sushiswap, Balancer, and Kyber, respectively.
Complete Worth Locked Jumps $10B, Dex Quantity Grows, Defi Tokens Collect Double-Digit Features
Whereas cryptocurrency markets noticed some value restoration this week, defi crypto belongings noticed important will increase. Seven days in the past, the overall worth locked (TVL) throughout a myriad of defi functions recorded by defipulse.com exhibits the TVL was round $55 billion. The TVL metric has since elevated to the present $65 billion recorded on July 27.
Decentralized trade (dex) statistics present that there was $2.33 billion in commerce quantity recorded on standard dex platforms over the past 24 hours. Seven-day knowledge signifies $15 billion in international swaps had been recorded, and Uniswap captured 64% of that quantity.
These stats characterize ETH-based dex platforms solely. Uniswap’s quantity commerce quantity is adopted by Sushiswap (9.6%), Curve (7.8%), and 0x Native (5.5%). Defi tokens stemming from functions like Uniswap, Sushiswap, and Aave noticed double-digit features after BTC’s brief squeeze on Sunday night.
What do you consider the latest defi motion over the past week? Tell us what you consider this topic within the feedback part under.
Picture Credit: Shutterstock, Pixabay, Wiki Commons, Dune Analytics, Defipulse.com,
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