Skip to content

Active DApp users on Ethereum doubled in the second quarter, while the COMP token set a new record

July 7, 2020

Decentralized funding requests (DeFi) for the Ethereum blockchain increased in the second quarter of 2020, as the volume of daily transactions reached an all-time high in June.

The Dapp market report for the second quarter of 2020 published by the analytics website Dapp.com has shown this The number of active DApp users on Ethereum (ETH) rose by 97% in the second quarter and reached a record high of 1,258,527. In addition, the transaction volume of the DeFi DApps of ETH reached USD 5.7 billion in June, which corresponds to more than 97% of the total volume of DApps in the network.

COMP supports Ethereum users?

Cointelegraph reported that Compound (COMP) proved to be the largest DeFi token by market cap after its June 16 listing, recovering more than 60% within a few hours. According to Dapp.com, the number of daily DApps DeFi users at ETH rose by 48% from 7,682 on June 15 to 11,230 immediately after the start.

Active DApp users on Ethereum doubled in the second quarter, while the COMP token set a new recordActive DApp users on Ethereum doubled in the second quarter, while the COMP token set a new record

dapp.com

Source: dapp.com

When the COMP token hit a record price of over $ 372 on June 21, DeFi’s daily transaction volume peaked at over $ 608 million. Although the COMP had a very successful introduction to blockchain, DApp.com reported that Brave’s Basic Attention Token (BAT) was the most commonly used token in DeFi with a transaction volume of $ 931 million.

Cointelegraph reported on the DappReview analysis, which showed an approximately 12% decrease in activity for EOS and a 74% decrease in TRON from Q1 to Q2. According to dapp.com Although the transaction volume of ETH DApps is almost ten times higher than that of EOS and TRON, the number of active users in the logs still increased by 30% and 50%, respectively.