96% of Total DeFi Transaction Volume Belongs to Ethereum: Report

[Galaxy]

DappRadar’s Q3 report says that nearly all transaction volume in the DeFi space belongs to Ethereum. Nearly all decentralized finance (DeFi) transactions are based on Ethereum, according to a new report.

DappRadar, a site that ranks and tracks decentralized apps (dapps), issued a report this week that shows how in the third quarter of this year, transaction volumes in the DeFi world hit $125 billion, an increase of $113 billion since 2020's second quarter. 96% of the total transaction volume took place on the Ethereum blockchain.
Info Link: https://decrypt.co/44597/96-of-total-defi-transaction-volume-belongs-to-ethereum-report