The total number of users participating in decentralized funding protocols (DeFi). has increased by over 140%because it was six digits for the first time in January.
According to those of Dune Analytics, The total number of DeFi users on July 6 was just under 240,000 – an increase of more than 20% in the past month.
The total value of the capital blocked in DeFi logs exceeded $ 2 billion just six months after more than $ 1 billion for the first time.
Despite the increase in users, Five projects make up the vast majority of DeFi’s blocked capital at around 94%.
DeFi users on the rise
According to Dune Analytics Uniswap and Kyber Network form the main DeFi groups by total number of usersthat have attracted more than 92,000 and 82,000 users in less than two years of operation.
While Kyber has grown more than 130% this year, Uniswap has almost quadrupled its user base since January.
connection also saw a significant surge in the past month, an increase of 35% from 30,000 users to more than 40,000 in the last 30 days.
Smaller projects also experienced exponential growth in the past month Balancer grows by almost 400%from 1,700 to 8,350 and Curve 160% increase from almost 2,200 to 5,700.
Over 2 billion dollars blocked at DeFi
The latest wave of new users The amount of capital blocked in DeFi projects has increased significantly.
The success in connection with the recent introduction of compounds governance token COMP, allowed the protocol to outperform MakerDAO (MKR) as the main DeFi project for assets that DeFi Pulse blocked at $ 673.4 million.
Manufacturer ranks second at $ 604.3 million, followed by Synthetix with $ 333 million Balancer at $ 158.8 million and Aave with $ 155.8 million.
Among them These five projects account for 94% of DeFi’s total blocked funds.