You will be shocked to see growth of Ethereum DApps

Written by Sushanth Kumar Reddy Kura | Published a year ago | 1 min read

   


The second quarter of 2020 may have been an inflection point for decentralized applications on Ethereum.

Active users on Ethereum based Dapps doubled in a single quarter for a cumulative total of more than 1 million, according to Dapps website Q2 2020 Dapp Market Report.


ETH Update


DeFi applications powered the increase, with transaction volumes reaching $5.7 Billion in June and accounting for more than 97% of activity on the Ethereum blockchain. The report shows how important Ethereum has become for the success of decentralized finance (DeFi), and how much DeFi has come to dominate Ethereum in recent months.


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