Decentralized apps (dapps) are achieving great results in 2020

Decentralized apps (dapps) are achieving great results in 2020

With the 2020 Q2 Dapp Market Report at our disposal, we bring you the most important knowledge from the world of decentralized applications (dapps).

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7 Jul 2020 , 12:05 @ Katie Müller

Decentralized apps (dapps) are achieving great results in 2020

With the 2020 Q2 Dapp Market Report at our disposal, we bring you the most important knowledge from the world of decentralized applications (dapps).

Among the most important indicators is the volume of DeFi dapps transactions, and this year, specifically on June 21, it reached its daily ATH at $ 608,230,230.58. More than $ 4.9 billion (ATH) was transferred under financial dapps, an increase of 67% since the first quarter. In terms of total volume, the DeFi market reached $ 11.5 Billion.

The most used DeFi token was BAT, which generated a transaction volume of $ 931 million

We can also not forget the transaction volume of ETH DeFi dapps, which reached $ 5.7 billion in June (97.5% of the whole dapp volume of the Ethereum network).

Ethereum also doubled the active users of dapp in Q2 from 637,278 in the first quarter to 1,258,527 this quarter (97%), reaching the new ATH.

As for active users, it was generated 1,394 active dapps with 2,808,050 active users in Q2 2020. All this on 12 public blockchains – Ethereum, EOS, TRON, Steem, Hive, Chiliz, Terra, ICON, Klaytn, NEO, Tomochain, IOST and Vexanium.

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    Katie Müller

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