$106,689.00
1.76%$2,542.12
1.75%$2.36
0.86%$654.57
1.86%$169.43
2.09%$0.999832
0.00%$0.226902
3.41%$0.756358
4.17%$0.270617
-1.09%$2,536.66
1.69%$106,469.00
1.48%$3.91
2.84%$3,054.12
1.63%$15.83
1.53%$22.82
3.77%$0.290726
2.61%$26.54
2.29%$0.00001457
2.52%$0.195837
1.71%$8.81
0.96%$397.79
2.74%$3.06
0.74%$95.51
2.92%$4.69
3.20%$0.999838
0.00%$2,536.46
1.38%$364.19
4.83%$2,707.51
1.19%$5.15
0.80%$1.00
-0.03%$0.808498
9.46%$0.00001381
8.34%$1.00
-0.06%$106,586.00
1.71%$30.44
0.87%$253.31
-3.43%$6.26
8.13%$414.74
0.32%$2.81
3.54%$5.20
2.68%$52.06
0.49%$204.42
2.70%$0.946873
2.30%$0.11097
1.52%$1.00
0.00%$14.43
8.52%$36.07
-0.12%$0.096318
0.66%$18.56
2.54%$5.28
3.47%$21.60
1.13%$1.17
0.03%$0.740839
0.47%$0.02854699
4.08%$4.67
3.02%$1.052
-0.02%$0.394326
7.97%$4.93
5.17%$0.9987
-0.13%$106,505.00
1.86%$0.232907
2.61%$0.783194
8.94%$0.226276
3.53%$0.399455
3.43%$2.89
3.17%$4.41
0.21%$1.13
3.14%$2.62
1.65%$0.505671
2.30%$4.56
1.30%$0.00002051
6.94%$0.53254
7.36%$2,532.85
1.74%$0.997474
-0.03%$177.75
1.35%$11.48
-1.83%$97.85
4.29%$2,651.69
1.20%$0.904366
7.57%$1.30
8.21%$1.29
3.40%$1.95
2.16%$4.51
-1.42%$0.01892344
0.84%$0.745947
6.80%$0.660259
4.21%$0.225126
2.33%$2,882.22
1.54%$1,739.24
-1.59%$12.15
4.12%$0.997701
-0.44%$0.071787
0.67%$0.737931
-3.74%$0.110822
4.16%$1.031
9.47%$0.731808
4.70%$0.00009948
5.38%$2,710.60
1.85%$106,369.00
1.32%$3.20
3.96%$219.59
2.65%$0.999715
0.02%$0.998444
-0.15%$653.64
1.76%$0.893341
1.91%$188.58
2.66%$0.01809429
2.50%$0.01960569
6.38%$106,202.00
0.89%$1.00
-0.01%$0.01316988
8.05%$105,984.00
0.74%$3,296.80
1.68%$2,660.56
1.35%$0.893734
4.18%$0.638461
1.37%$3,312.07
1.57%$0.222985
2.57%$0.311921
2.66%$0.758408
-0.24%$2.34
5.16%$0.129719
-0.53%$22.38
3.81%$2,646.63
1.17%$12.82
0.26%$3.98
2.43%$0.00000073
0.49%$4.43
2.77%$35.75
2.50%$0.750232
3.49%$0.117466
1.39%$0.069124
5.53%$105,975.00
1.27%$2.02
3.43%$41.30
3.33%$1.00
-0.01%$0.01945545
0.36%$1.86
7.29%$0.622459
2.67%$2.34
15.93%$0.997742
0.03%$0.407236
3.09%$2.06
-0.05%$111.12
0.01%$0.320612
2.43%$1.11
-0.57%$0.226374
3.38%$2,541.90
2.13%$2,542.46
2.10%$106,588.00
1.78%$0.667761
5.56%$2.20
19.43%$0.999796
-0.02%$2,711.72
2.22%$2,610.82
1.38%$18.47
3.15%$0.63614
2.60%$0.436726
2.23%$0.652788
3.32%$0.008777
3.59%$106,513.00
1.50%$0.998799
-0.01%$0.493704
10.73%$2,536.42
1.39%$7.30
1.68%$0.191472
5.79%$0.1537
4.89%$2.96
1.38%$0.092446
6.43%$104,114.00
3.64%$1.54
13.57%$0.180609
1.65%$0.425188
0.94%$0.703389
2.26%$0.469602
8.41%$6.49
1.33%$1.68
1.17%$0.063777
-1.50%$0.00000116
10.61%$0.999796
0.00%$0.00491258
-0.19%$0.00002251
1.32%$0.04910586
1.47%$0.096844
4.38%$0.00000044
-0.20%$0.165807
5.34%$0.04435122
3.43%$1.32
3.69%$0.171559
2.54%$2,524.63
1.01%$0.430307
11.46%$0.00787675
2.29%$1.009
1.33%$1.087
0.00%$0.00469005
1.10%$106,496.00
1.49%$1.002
0.08%$43.02
1.98%$3.26
6.14%$0.999733
-0.03%$34.66
1.48%$0.353524
-4.14%$0.00379105
8.72%$0.03810151
3.33%$1.00
-0.00%$1.52
0.91%$0.831994
9.25%$1.10
-0.10%$0.00542148
2.71%$2,690.47
1.23%$0.232259
2.40%$1.00
0.03%$0.01912432
-0.99%$135.98
2.82%$26.58
2.11%$0.376615
2.12%$0.842552
2.83%$2,794.13
1.55%$0.344303
8.79%$106,587.00
1.74%$0.00006295
3.53%$0.309158
8.23%$2,764.59
1.40%$3.65
-9.09%$0.00000159
1.28%$0.996537
-0.30%$0.00076288
5.70%$2,541.57
1.83%$19.51
-0.43%$0.228381
3.75%$22.79
3.65%$0.999848
-0.03%$1.00
0.03%$0.251383
3.21%$18.59
2.03%$0.683596
1.27%$2,533.98
1.31%$2,745.60
2.41%$0.0034011
5.23%$2.72
3.17%$0.751505
-5.85%$0.501171
1.76%$0.682852
8.99%$23.59
1.08%$0.00280906
4.73%$26.58
2.16%$0.00
6.54%$3.44
5.73%Reading
Transaction volume on the Ethereum blockchainblockchain reached $119.5 billion in Q3 2020, surging by nearly 1,200% compared to the previous quarter, according to DappRadar’s industry report published today.
DappRadar 2020 Q3 #Dapp Industry Report is out!
We're covering the performance of 13 #blockchains listed on DappRadar.
- The activity across the dapp ecosystem has grown by 115%.
- Total transaction volumes reached $125B in Q3 2020.
Read our Q3 #report https://t.co/ryyKTl5OLf
— DappRadar (@DappRadar) October 2, 2020
Per the report, Ethereum’s transaction volume amounted to “only” $10.2 billion just a few months ago—in Q2 2020. Such a sharp increase became possible mostly thanks to the ongoing decentralized finance (DeFiDeFi) craze that keeps attracting yield farmers.
Among the 13 blockchains listed on DappRadar, Ethereum accounted for 96% of the total transaction volume, retaining its mantle of the biggest network by far. At the same time, the DeFi ecosystem was responsible for 99% of those figures.
“We spot that the DeFi ecosystem is not only the number one category but also holds 99% of the value within the Ethereum blockchain in Q3 2020,” DappRadar noted.
As Decrypt reported, the DeFi boom led to a major drawback as transaction fees keep growing rapidly. Over the past couple of months, Ethereum miners have been regularly setting new records in terms of their profits, successively earning $500,000, $800,000, even $1 million per hour in transaction fees alone. In September, miners even earned more from transaction fees than from block rewards—for the first time in Ethereum’s history.
But that doesn’t seem to bother the DeFi train. After all, people flock to yield farming to make more money on their funds, so high transaction fees are part of the spiel. But overblown fees began to choke other decentralized apps (dapps) besides DeFi, DappRadar noted.
“In Q2 2020 we witnessed a tremendous drop [in the Games category] and the trend has continued into Q3 2020. The reason behind it is still high Ethereum gas prices and looking at the prevailing trends of the DeFi ecosystem, it doesn’t look like that situation is going to change anytime soon,” said the report.
Apart from gaming, marketplaces, collectibles, gambling and other dapps are also struggling with high transaction fees, although some of them are slowly but surely joining the DeFi hype, DappRadar added.
So, not only is all of DeFi pretty much on Ethereum—but all of Ethereum is now DeFi too.
Digital assets may be firmly in the mainstream, with institutional involvement and a crypto-friendly president in the White House. But hackers and fraudsters are having a field day so far this year. Crypto users have lost over $1.7 billion to these groups—already 14% more than 2024’s total losses of $1.49 billion, according to blockchain security firm Immunefi. In the same period last year, losses totaled $420 million, the firm said. The report comes amid ongoing concerns about the vulnerabil...
Libre, a regulated real-world asset platform, and the TON Foundation have launched a $500 million tokenized fund on The Open Network, aiming to bring Telegram’s $2.4 billion in corporate debt onto the blockchain for the first time. Dubbed the Telegram Bond Fund, the product allows institutional and accredited investors to gain exposure to Telegram’s outstanding bonds directly through the TON blockchain, according to a statement shared with Decrypt. The fund will also participate in future Telegr...
Solana decentralized exchange Raydium has deployed its native token launchpad, which is designed to rival the popular Pump.fun. This comes almost a month after Pump.fun deployed its own decentralized exchange, cutting ties with Raydium in the process. LaunchLab by Raydium offers a more sophisticated token creation process, compared to Pump.fun’s simplistic approach. The new launchpad allows for deployers to toy with the token supply, how many tokens will be sold on the bonding curve, and how muc...
