Ethereum DApp Volume Increases 83%

Krutika Adani

The Surge in Dapp Volume Amid a Market Selloff

Ethereum’s DApp volume has surged 83% despite a fall in crypto markets.

Just One Dapp Caused 59% of the Surge

59% of the surged volume came from a single DApp, the Balancer, a DeFi liquidity protocol.

Actual Volume Fell 5%

If we keep this single protocol aside, DApp volumes have actually shrunk by 5% in the last week.

Why Dapp Volume Matters?

Dapp fees on Ethereum contribute a critical portion of its revenue.

Ethereum Dapp Statistics

Ethereum has about 4700 DApps on its chain, with the top ones being Uniswap, 1inch and MetaMask.