Report: Ethereum (ETH) Holds 96% of Total Transaction Volume in DeFi
Summary:
Ethereum continues to dominate the DeFi ecosystem
In Q3 2020, Ethereum held 96% of DeFi’s total transaction volume
Dapps that account for the majority of the total transaction volume were Uniswap, MarkerDay and Curve
The team at DappRadar has released Q3’s Decentralized Finance Report in which they analyze Dapp activity on the several blockchains of Ethereum (ETH), Tron (TRX), EOS, IOST, Ontology (ONT) and Neo (NEO). According to the report, Ethereum continues to dominate the DeFi space with 96% of the total transaction being carried out on the Ethereum network.
Q3 2020 was the best quarter for the DeFi ecosystem so far…the DeFi ecosystem transaction volume surpassed $123 billion with 96% of total belonging to Ethereum. Other Smart Contract Protocols are Joining the DeFi Hype
The report by DappRadar also points out that the three blockchains of Ethereum, Tron and EOS hold up to 97% of the daily active addresses participating in DeFi.