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  4. Ethereum’s DeFi Space Booms With Over 3M Users
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Ethereum’s DeFi Space Booms With Over 3M Users

Ethereum’s DeFi space now hosts over 3 million unique addresses. DeFi adoption is booming despite the crypto crash. Some protocols choose to launch on other platforms...
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Ethereum’s DeFi Space Booms With Over 3M Users © Reuters. Ethereum’s DeFi Space Booms With Over 3M Users

  • Ethereum’s DeFi space now hosts over 3 million unique addresses.
  • DeFi adoption is booming despite the crypto crash.
  • Some protocols choose to launch on other platforms instead of Ethereum for sustainability.

Ethereum’s DeFi space is thriving as the ecosystem is celebrating over 3 million users on the platform. This name is remarkable as it is easily triple the number of unique users set back in December 2020.

Not even a year later, DeFi adoption has exploded and is showing no hints at slowing down. According to Dune Analytics, the unique user count was set at 3,004,620, as of July 13, 2021.

The boom in DeFi adoption is no small part thanks to the rise of more and more Ethereum-native protocols showing up. For instance, crypto fan — Richard Chen, found that the most traction is coming from the following protocols: Aave, Balancer,

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01-05-2024 10:45:17 (UTC+7)

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157.91

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0.6469

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1.3780

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168.32

+0.10 (+0.06%)

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EUR/CHF

0.9808

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4,920.55

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17,763.03

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1,973.05

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10,854.40

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49.155

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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