Ethereum DApp Transaction Volume Rises 36%, ETH Price Performance Mixed
Publication Time:2024-08-30 06:16:09
According to the latest data from DappRadar, in the past week, the transaction volume of Ethereum decentralized applications (DApps) has shown significant growth, with an increase of 36%. This growth trend can be attributed mainly to the active performance of decentralized exchanges like Uniswap and automated market makers like Balancer. Specifically, Uniswap's transaction volume grew by 35%, reaching a total of $30.8 billion; while the transaction volume of automated market maker Balancer increased by 46%, reaching a total of $18.1 billion. These positive market dynamics demonstrate the vitality and potential of the Ethereum ecosystem. However, despite the upward trend in DApp transaction volumes, ETH's price performance did not rise in tandem. Since falling to $2,396 on August 27, although the ETH price has recovered somewhat, it only reached $2,534, which is a decrease of 22% compared to the average price over the past 30 days. This indicates that there is a divergence in the current market's perception of ETH's value, and there is a complex relationship between the growth in transaction volumes and price fluctuations.
Ethereum
Uniswap
ETH price
DApp transaction volume
Balancer