DApp activity on the Ethereum chain has increased by 55% in the past 7 days, and TVL has reached its highest point since November 2022
According to DappRadar data, DApp activity on the Ethereum network increased by 55% in the past seven days. The surge in activity on the Ethereum network was mainly driven by Uniswap, followed by 1inch Network and CoW Swap. Other notable contributors include Curve, Instadapp, and Morpho Optimizers.
According to DefiLlama data, the total value locked (TVL) on the Ethereum network reached 19.7 million ETH, the highest level since November 2022, representing a 9.4% increase from the previous month.
Furthermore, according to L2Beat data, driven by the growth of networks such as Xai, Base, and Proof of Play, Ethereum L2 activity reached an all-time high on August 7th, with an average of 318 transactions processed per second. Overall, the number of transactions processed by Ethereum's scaling solutions is now 24 times that of the Base chain, highlighting the success of recent upgrades aimed at reducing the cost of rollups. (Cointelegraph)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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