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WebsCrypto—News—Market News—Data: DeFi Transaction Volume Increased by 740,000 in 7 Days
Market News

Data: DeFi Transaction Volume Increased by 740,000 in 7 Days

By Simon LawsonNovember 11, 2022
Data: DeFi Transaction Volume Increased by 740,000 in 7 Days
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According to DappRadar data analysis, after the FTX thunderstorm event, blockchain dapp activity increased significantly. Of this, on-chain transactions on Ethereum increased from $7.18 billion on Nov. 7 to $23.47 billion on Nov. 10.

dapps in the DeFi space saw increased activity across all blockchains, from 1.46 million transactions on Nov. 7 to over 2.2 million on Nov. 10. But hit by FTX, the total value locked in the DeFi sector dropped from $5.193 billion to the current $4.233 billion.

Users move funds from risky projects, with Solana doubling UAW 1-3 times in the past 7 days. In addition, the transaction volume in the NFT space has increased, with the number of traders in Magic Eden increasing by 89% to 92,181 in the last 7 days, and the transaction volume during the same period has surged by 402% to exceed $29 million. Opensea has 120,148 users transacting in the past 7 days, a year-on-year increase of 5.6%.

DISCLAIMER: The information provided by WebsCrypto does not represent any investment suggestion. The articles published on this site only represent personal opinions and have nothing to do with the official position of WebsCrypto.
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