Regarding the timeline, let’s talk about the intuitive feeling first. From March to April this year, DeFi began to warm up, reached a climax in September, and slowly subsided in October. So a question arises:

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The cumulative total number of users in history

The above picture is the statistical data of DuneAnalytics, which is the cumulative number of DeFi users, which is consistent with the market experience at the beginning of the article. The slope became steeper in July and August, that is to say, the growth rate of DeFi participants has increased. Here are the statistics of uniswap/sushiswap, dydx , curve, Compound, iinch, kyber, opensea, makerDAO and other projects in various fields are all DeFi project data in the ETH ecosystem. Other public chains themselves account for a small proportion, so it is normal to have no statistics. Some relatively less famous DEX such as moonswap, hisswap, etc. have no statistics.

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Are there many newcomers?

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Image information from DeBank

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current daily activities

The decline is a bit fast, and the leading DEX Uniswap often has less than 10,000 users, 8174/78.36% = 10132 users. Once Uniswap could have 20,000 daily active users, and now all DEXs add up to more than 10,000 daily active users.

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DeFi lockup volume

At present, the total value of lock-ups is close to 14 billion US dollars. The arrows in the picture can be seen that the overall lock-up volume is rising in fluctuations. The development momentum of DeFi is relatively stable. It is not like some friends said that this matter is going to be dirty , or die. At present, DeFi is still one of the most practical application scenarios in the blockchain field. This article is a simple thought about the number of users, and the lock-up volume and trading volume trend changes are not the focus of this article.

To sum up, the total number of people who have participated in DeFi around the world exceeds 1 million, and the current daily activity does not exceed 100,000.

Related pages:

DeFi overview user volume:https://explore.duneanalytics.com/dashboard/defi-users-over-time

DeFi charts:https://explore.duneanalytics.com/dashboard/defi-metrics_1

Stablecoin users:https://explore.duneanalytics.com/dashboard/stablecoin-users-trend

There are very detailed charts here, you can dig more content.