Weekly transactions of decentralized applications (DApps) on the Ethereum network surged 83% compared to the previous week, but 59.5% of this was from the single application Balancer. Despite the overall increase in transactions, the number of active Ethereum users decreased by 8% compared to the previous week, and TVL also decreased by 17.5%.
This increase is at odds with the trend in the rest of the crypto market, and excluding Balancer's contribution, Ethereum DApps actually saw a 5% decrease in weekly trading volume. This anomaly suggests that further analysis is needed to understand the real demand and potential manipulation behind the increase in trading volume.
Ethereum DApp weekly transaction volume surged by 83%, with Balancer accounting for 59.5% of transactions.
2024-07-03 06:02:07
Ethereum network heart application dapp weekly transaction volume week comparisondesk3cryptocurrencydesktopCrypto News
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