Total DeFi Addresses Break Past One Million As Crypto Heats Up

[sneakyboi]

Total DeFi Addresses Break Past One Million As Crypto Heats Up

The number of individual addresses involved with decentralized finance (DeFi) is now greater than one million, according to data compiled on Dune Analytics.

That number, which began the year at less than 100,000, has shot up over the course of this year as DeFi protocols grew into some of the year’s most popular crypto investments.

Richard Chen, a partner at early-stage crypto venture fund 1confirmation, created the dashboard on Dune Analytics; he said that he’s calculating overall users based on the number of unique addresses, not individual people (or companies), and that since people can have multiple addresses, his metrics overestimate actual DeFi users.

Learn more about the news here.

[hair]

It seems that DeFi Addresses users will always increase, DeFi has begun to be trusted as a digital bank.

[Ace H Knows]

That was a huge number already, but the question is are those address is an active meaning are they use or it has been a liquid deposit.