Report: Ethereum DeFi project transaction volume increased by nearly 800% over last year

A report released by DApp data analysis website DappReview shows that the volume of DApp transactions has surged in the past year, and the DeFi project based on Ethereum is in a leading position. The report shows that the number of DApp transactions in the first quarter of 2020 increased by 10 times compared with the same period in 2019. In the first quarter of 2020, the transaction volume of more than 12 blockchains was slightly below US $ 8 billion, an increase of more than 82%. In addition, EOS, Tron and Ethereum networks account for 99% of DApp transactions. According to the report, the Ethereum-based DeFi project performed well, and the transaction volume increased by nearly 800% compared with last year. Most of these DeFi projects use ERC-20 tokens instead of ETH.