The top 10 decentralized applications (Dapps) on the Ethereum blockchain have averaged 1,017,760 daily active users in the past month, according to the DappRadar report published today.
It's not surprising that decentralized financial (DeFi) platforms account for more than 94% of this activity.
According to the report, six out of the top 10 Ethereum Dapps fall under the category “DeFi & Trading” and two words “High risk”.
However, a non-fungible token (NFT) (Rarible) market and a game app (Axie Infinity) also made it into the top 10, even though they only make up about 25,000 daily active users out of a million total. .
Among the top 3 Dapps, the DeFi platform Crypto.com alone is attracting more than half a million daily users, outstripping all competitors.
Decentralized exchange Uniswap and crypto lending platform Compound are responsible for 276,000 and 141,000 active users, respectively.
In total, DeFi and transactional Dapps have garnered more than 94% —or 952,920 — daily active users for the past 30 days, the report notes.
At the same time, excluding the first three spots, the Dapps occupying the fourth to the tenth spot have between 10,000 and 30,000 daily users, suggesting that the DeFi platform remains Ethereum's main "killer application".
The interest and usability of DeFi features to retail users has become clearer, the researchers conclude, and could argue that Ethereum is finally having killer DApps. to provide new and old (sic) users a tangible way to use their tokens, ”.
Ethereum's DeFi applications accounted for 99% of blockchain's transaction volume in Q3 2020, skyrocketing to $ 119.5 billion. There are also a lot of users now. For you, which Dapp platform do you like best.!!
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