The most commonly used metric to track the growth of adoption of open, global financial applications on Ethereum is total value locked (TVL). But TVL in isolation does not give the full picture. Total number of users over time is equally important and there hasn't been much focus on it to date.We recently did a deep dive on the total number of users for the top decentralized finance (DeFi) apps on Ethereum. There are currently ~150k DeFi users and at the daily growth rate (0.56%), we’re on pace for one million DeFi users by March 2021 and ten million by May 2022.Read more: DeFi Usage Numbers
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1confirmation Newsletter - Issue #82
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The most commonly used metric to track the growth of adoption of open, global financial applications on Ethereum is total value locked (TVL). But TVL in isolation does not give the full picture. Total number of users over time is equally important and there hasn't been much focus on it to date.We recently did a deep dive on the total number of users for the top decentralized finance (DeFi) apps on Ethereum. There are currently ~150k DeFi users and at the daily growth rate (0.56%), we’re on pace for one million DeFi users by March 2021 and ten million by May 2022.Read more: DeFi Usage Numbers