Ethereum’s DeFi Space Booms With Over 3M Users

[Ramaraj]

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.

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.

Source: Ethereum’s DeFi Space Booms With Over 3M Users

[blockman]

It's not only DeFi but also its NFT space is also booming. I guess it's still Ethereum as the winner in these segments although there have been some known competitors like Binance, Tron, and other known smart contracts that are competing with DeFi and dApps. And these spaces are going to keep on thriving for the next years although it's questionable if they'll stay but looking at its pacing, I guess that DeFi and other on its line will remain as long as the market is maturing and people have been seen benefiting from it.