Ethereum DApp transaction volume increased by 36% in a week, but the price of ETH has not yet rebounded
According to data from DappRadar, in the past week, the transaction volume of Ethereum's decentralized applications (DApps) has increased by 36%, mainly driven by the decentralized exchange Uniswap and automated market maker Balancer. The trading volume of Uniswap increased by 35%, reaching $30.8 billion, while that of automated market maker Balancer grew by 46%, reaching $18.1 billion. However, the price of ETH did not rise accordingly; since falling to $2,396 on August 27th, ETH price rebounded to $2,534. Despite this, it still fell by 22% over the past 30 days.
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.
You may also like
Su Zhu: I have closed the short position in BERA and switched to going long on ETH
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)