Ethereum recently turned five years old, and coincidentally, it also appears to have reached an inflection point for user adoption. In the second quarter of 2020, daily active Ethereum users nearly doubled to 1.26 million, up from 637,000 in the first quarter, according to a recent report from Dapp.com. The sudden spike is widely attributed to the release of Compound’s COMP governance token.
In the same report, several other numbers stand out. Notably, after Ethereum, the two blockchains with the most daily active users are Klaytn and Terra, with Klaytn having been far ahead of Ethereum in daily active users before the excitement around decentralized finance following the COMP token release in June.