Top 10 Ethereum decentralized applications (DApps) have hit more than 1 million active users over the last 30 days. DApps are mostly under the DeFi and exchange categories.
Ethereum DApps hit over 1 million users
The number of daily active users of the top 10 Ethereum DApps has striked over 1 million in the past 30 days, as per the DappRadar report. Moreover, six of the top 10 DApps are from the DeFi & exchange categories. In addition, the remaining ones are under the High-Risk, non-fungible token (NFT) marketplace, and gaming categories.
The report mentions that,
User activity is a vital metric to consider when looking at the growth of the Ethereum blockchain. The forging of separate dapp categories has been a trend of 2020.
Among the top Ethereum DApps, DeFi platform Crypto.com is attracting more than half a million daily users. Moreover, the decentralized exchange Uniswap and cryptocurrency lending platform Compound are responsible for 276,000 and 141,000 daily active users, respectively.
Further, DeFi and exchange DApps attracted more than 94% of the daily active users over the last 30 days, the report noted. Likewise, the DApps that took the places from fourth to tenth have between 10,000 and 30,000 daily users.
Finally, Ethereum has the killer DApps to provide users a tangible way to use their tokens. Recently, transactions on DApps have surged to more than $100 billion in the third quarter of 2020 against the second quarter of the same year.