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DeFi Dapps With the Biggest User Growth in 30 Days

DeFi Dapps

Who’s leading the DeFi charge as we enter 2022

Decentralized finance (DeFi) dapps on chains such as Solana, BSC, and Polygon are as relevant as ever in 2022. This is shown through the lens of growing unique active wallet numbers for several finance platforms operating outside the Ethereum DeFi ecosystem. While Ethereum DeFi dapps dominate the total value locked in the industry, alternative platforms are reaping the rewards of offering users significantly lower transaction costs as gas prices stay heightened as we enter 2022.

Six protocols caught the eye in the last 30 days. Each shows a sustained increase in unique active wallets and transaction numbers. Importantly, none of them operate from the Ethereum blockchain. Instead, we see Binance Smart Chain DeFi dapps leading the charge, with Polygon and Avalanche protocol dapps hot on their heels. 

Importantly, when we discuss user growth, we refer to the number of unique active wallets interacting with a platform’s smart contracts. In DeFi dapps, wallets connect to make a trade, stake, farm, or more. Furthermore, a wallet can connect but not carry out a transaction. The growing numbers of active wallets and transactions indicate activity within the dapp and that users connect for a specific purpose. The reason to investigate such peaks is to identify dapps with solid communities and customer offers. Arguably, it’s these platforms that go on to be successful, often taking their respective native token prices along for the ride.  

As mentioned, Binance Smart Chain DeFi dapps have experienced a very positive month. However, we also see entrants operating from the Polygon network and the Avalanche blockchain. All show impressive growth signals. 

  • UAW Last 30 Day: 106,890
  • Transactions: 197,600
  • User Growth: 217%  
  • ATH Token Price: $3.84
  • Current Token Price: $0.79 
  • UAW Last 30 Day: 20,610
  • Transactions: 39,600
  • User Growth: 100000%
  • ATH Token Price: $2.70
  • Current Token Price: $1.21
  • UAW Last 30 Day: 81,920
  • Transactions: 361,820
  • User Growth: 183%
  • ATH Token Price: $843
  • Current Token Price: $34.56
  • UAW Last 30 Day: 34,820
  • Transactions: 109,930
  • User Growth: 183%
  • ATH Token Price: $259
  • Current Token Price: $176  
  • UAW Last 30 Day: 40,300
  • Transactions: 519,310
  • User Growth: 64%
  • ATH Token Price: $407.96
  • Current Token Price: $64.72
  • UAW Last 30 Day: 26,720
  • Transactions: 399,250
  • User Growth: 178%
  • ATH Token Price: $0.6
  • Current Token Price: $0.26

The above does not constitute investment advice. The information given here is purely for informational purposes only. Please exercise due diligence and do your research. The writer holds positions in ETH, BTC, AGIX, HEX, LINK, GRT, CRO, OMI, IMMUTABLE X, ENS, GALA, AVASTR, GMEE, CUBE, RADAR, FLOW, FTM, BNB, and ADA.

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