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The 10 best decentralized applications (dapps) on the Ethereum blockchain have averaged 1,017,760 daily active users in the last month, according to The DappRadar report released today. Unsurprisingly, decentralized finance (DeFi) platforms accounted for over 94% of this business.
According to the report, six of Ethereum’s top 10 dapps belong to the “DeFi & Exchange” category and two belong to “High Risk”. Yet, one non-fungible token The marketplace (NFT) (Rarible) and a game app (Axie Infinity) also made the top-10, although they only represented around 25,000 out of a million daily active users.
Among the top 3 dapps, the DeFi Crypto.com platform alone attracts over half a million users every day, leaving all of its competition far behind. The decentralized exchange Uniswap and the Compound crypto lending platform are responsible for 276,000 and 141,000 daily active users respectively.
In total, DeFi and exchange dapps attracted over 94%, or 952,920, of daily active users over the past 30 days, the report notes. At the same time, excluding the top three, the dapps that took over from the fourth to the tenth place have between 10,000 and 30,000 daily users, meaning that DeFi platforms are still Ethereum’s top “killer apps”.
“The interest and usability of DeFi features for retail users has become clearer and it can be argued that Ethereum finally has the killer dapps to give new and old (sic) users a tangible way to use their tokens.” , the researchers concluded.
How Decrypt reportedly, Ethereum’s DeFi applications amounted to 99% of the transaction volume of the blockchain in the third quarter of 2020, skyrocketing to $ 119.5 billion. There are now a lot of users too.
