Ethereum DeFi transaction volume surpasses $12 billion | July 2020 report

in GEMS4 years ago

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Our July 2020 overview of the dapp ecosystem covers a total of six blockchains. Ethereum, TRON, EOS, Steem, Hive, and WAX. A major focus in July 2020 has been the Ethereum DeFi category.

Key takeaways

  1. Ethereum’s blockchain demonstrated controversial results. DAUWs decreased due to still high Ethereum gas prices.
  2. Ethereum transaction volumes reached an all-time high $12 billion accounting for 92% of total transaction volumes in July driven by the Ethereum DeFi category.
  3. TRON showed positive development in all metrics. Daily active wallets and transaction volumes reaching their best results in July 2020.
  4. EOS growth was more conservative than compared to Ethereum and TRON. The biggest spikes were within transaction volumes triggered by DEX and DeFi dapps.
  5. Hive and Steem faced decreased activity within daily active wallets and transaction volumes.
  6. WAX generated all-time high results in both daily active wallets and transaction volumes.

Read our July 2020 overview

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@dappradar thanks for sharing this information. June and July were incredible months for De-Fi.

Yes, indeed! Let's wait and see what August is going to bring!