DeFi dapps had their ups and downs in terms of volumes this month with some growing both in terms of ETH and USD, some growing in terms of ETH but not USD, and some dropping in both ETH and USD:
DeFi volumes were down 24% over the previous high of $10.8m but we are not worried about these volumes as they are still some of the highest we’ve seen for the DeFi space and there is a constant flux of new DeFi dapps joining the Ethereum space, innovating and growing demand organically.
Nuo continues to grow its on-chain activity and dominate our DeFi integration volumes but we are also pleased to see Fulcrum grow for the 3rd straight month since its integration and it now makes up 20% of Kyber’s DeFi volumes.
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