With $ 62 billion in TVL, Ethereum captures more than half of the DEFI markets. Among his protocols, Uniswap Continue to stand out by being the most used decentralized exchange on the network. However, despite a recent influx of traders, the volumes remain stagnant.
- Ethereum has captured more than half of the DEFI market with $ 62 billion in TVL.
- UNISWAP has established itself as the main DEX of Ethereum despite stagnant volumes.
The number of traders on Ethereum explodes
While the Bitcoin flirts with his ATH Established last January, the traders seem back. Indeed, according to data Compiled by TheBlock Data, the Number of traders on Ethereum increased by 73 % From the lowest annual level recorded in early May.
So we are from 37 to 64,000 traders active daily In the space of a fortnight.
Unsurprisingly, Uniswap remains the leader of Dex On Ethereum with $ 16 billion of volume Since the beginning of May. Positioning the platform far ahead of the 2nd Dex, Curve and its 2.6 billion dollars in volume.
However, although the protocol has seen an important influx of traders, volumes were not really impacted. Indeed, at this rate, Uniswap will probably match its volumes of April for the month of May. As a reminder, the Exchange had recorded $ 23 billion in volume in April.
Figures still far from the $ 55 billion record recorded last December.
For its part, the course of the ETH continues to climb. After diving close to $ 1,400 last April, the ETH courses returned to the $ 2,500 mark. Especially trained by the rise in bitcoin.