Applications for decentralized financing (DeFi) on the Ethereum blockchain increased in the second quarter of 2020, as daily transaction volumes peaked in time.
A 2020 Dapp Q2 market report published by Dapp.com analysts showed that the number of active DApp users in Ethereum (ETH) increased 97% in the second quarter to a record high of 1,258,527. In addition, the transaction volume for ETH DeFi DApps in June reached $ 5.7 billion, representing more than 97% of the total DApp in the network.
The computer that drives Ethereum users?
Cointelegraph mentioned that the connection (COMP) became DeFi's largest symbol at market value after listing on June 16, increasing by more than 60% in just a few hours. According to Dapp.com, the number of daily DeFi DApp users on ETH showed a similar increase: from 7,682 on June 15 to 11,230 at the time of publication, the increase was 48%.
When the COMP code reached an ATH price of over $ 372 on June 21, DeFi's daily turnover exceeded $ 608 million. Although COMP had a very successful introduction to the blockchain, DApp.com reported that Braves Basic Attention Token (BAT) was actually the most widely used symbol in DeFi with a turnover of $ 931 million.
The Cointelegraph announced a DappReview analysis that showed a 12% decrease in EOS activity and a 74% decrease in TRON from Q1 to Q2. According to dapp.com, although ETH DApp's transaction volume is nearly 10 times that of EOS and TRON, the number of active protocol users continues to grow by 30% and 50%, respectively.