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DeFi boom drives 1200% increase in DApp volume in 2020: Report

Published 12/17/2020, 11:43 PM
Updated 12/18/2020, 01:20 AM
DeFi boom drives 1200% increase in DApp volume in 2020: Report

DApp transaction volume has topped $270 billion so far in 2020, with 95% of this figure belonging to Ethereum’s DeFi ecosystem, according to DappRadar. That’s an astonishing 1178% increase from last year’s total of $21 billion.

The blockchain data provider revealed the figures in its annual DApp Industry Report today, summarizing the highlights and failures of a record-breaking year for DApp-based economics.

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