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Ethereum’s Top 10 DApps Crossed 1-million Milestone in Active Users in November

By Emily Rys | November 18, 2020

Ether-based decentralized applications (DApps) have reportedly witnessed a figure of recorded active users surpassing the 1-million milestone, within the course of the past month. 

Specifically, the milestone was reportedly surpassed during the time when decentralized finance – generally perceived as as DeFi – was gathering an increasing amount of interest, with the figure for users experiencing an incline by 11%, during the first half of November 2020. 

The ten DApps, six of which want to be referred to as offering “DeFi and exchange” services, are reportedly the representative for over $21 billion, regarding the combined trading volume throughout the past 30 days. 

The 3 highest-ranking DApps, Crypto.com’s DeFi Swap, Uniswap, and Compound – reportedly took up the majority of the share, in which they amassed for over 930K users. DeFi Swap had 509.6K, Uniswap had 276.7K, and Compound had 143.9D users. 

The figure of active users for the rest of the DApps reportedly does not cross the 30,000 users benchmark throughout the month. 

The Insights from Dune Analytics reportedly indicated that there is a chance an individual DeFi user will need to own numerous addresses and work with several DApps, throughout numerous situations, in a month, rendering it hard to run precise estimation of actual users numbers from the above figures.

 Per the site the total cumulative number of unique wallet addresses for DeFi users over time is 901K.

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