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Popular DeFi platforms are seeing a surge in Web traffic

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Tran Cong
Popular DeFi platforms are seeing a surge in Web traffic

Over the past few months, according to The Block, the volume of transactions has increased on decentralized exchanges, reaching an all-time high of over $ 4 billion in July.

Data recorded from SameWeb indicate that many of the most popular DeFi platforms today, including MakerDAO, Compound and Aave - have started to see a significant increase in web traffic starting April and May. 5.

See more information: btc to paypal

In the chart below, shows the significant growth in web traffic of DeFi platforms.

The most prominent is Compound when in April this DeFi platform's web traffic was only about 80,000 hits. For comparison, this number jumped to 540,000 for July and about 480,000 in June.

As Messari said, Uniswap - this is the decentralized exchange that was leading in volume in July, has also recorded a spike in traffic to Uniswap.org, up from 90,000. Access to a whopping 1.4 million turns.

This spike in growth was fueled by a redirect in traffic from Uniswap.exchange to Uniswap.org.

In June, according to data from SimilarWeb which recorded 960,000 hits for Uniswap.exchange, this number dropped to just 5,000 by July.

uniswap

uniswap

Why is the web traffic of DeFi platforms soaring?

The recent strong growth in the prices of top cryptocurrencies, especially bitcoin and ethereum, may also have fueled more interest in DeFi platforms.

In addition, Ethereum has been receiving a lot of attention recently from the community as this blockchain platform is preparing to launch Ethereum 2.0, and since Ethereum is still the leading platform for implementing DeFi projects, the interest is about ETH also made many people curious about DeFi.

DeFi platforms such as Aave are implementing ambitious plans for the future, many innovations have been noted in DeFi with significant improvements in the network and protocol under development.

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