DeFi the odds: Total user numbers up 55% in just six weeks
DeFi the odds: Total user numbers upwards 55% in merely half-dozen weeks
Decentralized finance users steadily increased by forty% during October, despite many DeFi tokens posting heavy losses for the month.
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While many decentralized finance tokens suffered heavy losses last month, prompting hastily written obituaries about the DeFi "chimera," metrics measuring user activeness saw sustained, sector-wide growth.
According to crypto market information aggregator Dune Analytics, the total number of unique DeFi user addresses is around 860,000, an increase of roughly x times over the past year. Yet, that figure is cumulative, and users might have more than i address.
![](https://s3.cointelegraph.com/uploads/2020-11/59d3a408-af7f-499a-b05a-311404aed6d4.png)
Despite many DeFi tokens shedding significant value last month, the sector's user count increased in October by virtually xl%, from roughly 555,000 to 775,000.
A further 85,000 users joined DeFi during the first xi days of November, increasing the number of users by 11% in less than two weeks. In total, that means DeFi user numbers have grown 55% from the get-go of Oct.
Lending protocol Compound and decentralized commutation Dydx were amid DeFi's strongest gainers, increasing their user bases over the past thirty days by 250% and 50%, respectively.
Compound'due south accented growth of 135,000 new users over the past calendar month even exceeded the 110,000 attracted past leading DEX Uniswap.
![](https://s3.cointelegraph.com/uploads/2020-11/9516fe7f-d743-4299-8fd9-0527aef87e13.png)
The quantity of markets hosted on Uniswap is too quickly expanding, with the number of pairings on the platform increasing 34%, from roughly 16,200 to 21,700 over 30 days.
Dune estimates that about 81,000 users interacted with Uniswap over the past calendar week — equal to 9.4% of all unique addresses in engaging with the entire DeFi sector.
Uniswap currently represents 63.6% of daily DEX merchandise, followed by Curve with 12.2%, SushiSwap with 8.64%, and 0x with 7%. Equally such, just four exchanges make upwards more than 91% of total DEX volume.
Source: https://cointelegraph.com/news/defi-the-odds-total-user-numbers-up-55-in-just-six-weeks
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