According to recent statistics, the number of users or unique addresses using the decentralized finance (defi) protocol through Ethereum has exceeded 3 million. The vast majority of these unique addresses use the defi protocol Uniswap, as 2.4 million users have been recorded since December 2018.
More than 3 million unique addresses seen by the Ethereum Defi application
According to Dune Analytics, the number of users or unique Ethereum addresses using defi this week has jumped to the 3 million mark. At the time of writing, data shows that 3,092,000 unique addresses were recorded on July 27. Most of these addresses come from Uniswap, a decentralized exchange (dex) platform.
Uniswap’s dex currently has approximately 2,438,374 unique addresses that utilize the Uniswap transaction protocol. However, it is worth noting that since a user can have multiple unique addresses, the record may be considered an overestimate. In addition, the data from Dune Analytics’ “Defi Users Over Time” chart only captures a snapshot of the Ethereum-based defi application.
On Tuesday, the defi lending application Compound had approximately 326,723 addresses, and the liquidity agreement 1inch had approximately 276,924 unique addresses. After Uniswap, Compound and 1inch, there are defi applications such as Sushiswap, Balancer and Kyber, respectively.
The total value of lock-in jumped by $10B, Dex transaction volume increased, and Defi tokens received double-digit gains
Although there has been some price recovery in the cryptocurrency market this week, defi crypto assets have seen significant growth. Seven days ago, the total locked value (TVL) of countless defi applications recorded by defipulse.com showed that TVL was about 55 billion U.S. dollars. The TVL indicator has since increased to the current US$65 billion recorded on July 27.
Decentralized exchange (dex) statistics show that in the past 24 hours, the transaction volume recorded on the popular dex platform was US$2.33 billion. The 7-day data shows that the global swap transaction volume is 15 billion U.S. dollars, and Uniswap accounts for 64% of the transaction volume.
These statistics only represent the dex platform based on ETH. Uniswap’s transaction volume is closely followed by Sushiswap (9.6%), Curve (7.8%) and 0x Native (5.5%). After a brief squeeze of BTC on Sunday night, Defi tokens derived from applications such as Uniswap, Sushiswap and Aave showed double-digit growth.
What do you think of the recent defi operation last week? Please tell us your thoughts on this topic in the comments section below.
Image Source: Shutterstock, Pixabay, Wiki Commons, Dune Analytics, Defipulse.com,
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