DeFi the odds: Total user numbers up 55% in just six weeks

While many decentralized finance (DeFi) tokens suffered heavy losses last month — prompting hastily written obituaries about the DeFi “bubble” — metrics measuring user activity saw sustained sector-wide growth.

According to crypto market data aggregator Dune Analytics, the total number of unique DeFi user-addresses is around 860,000, an increase of roughly 10 times over the past year. Note: that’s a cumulative figure and users might have more than one address.

Unique wallets engaging with DeFi over time: Dune Analytics
Total users over time on Uniswap and Compound: Dune Analytics