The comeback season for DeFi?
Some of the largest DeFi tokens are experiencing quite the uptick in unique addresses activity over the past few days:
- AAVE's daily active addresses are up +24.1% since Monday.
- MKR's daily active addresses are up +97% since Monday.
- UNI's daily active addresses are up +72.5% since Monday.
- COMP's daily active addresses are up +72.8% since Monday.
Could this be the start of a new demand wave for DeFi?
It's still (way) too early to tell, but I'd keep an eye on these charts in the coming days. A sustained rise in address activity may be an early signal of growing network confidence and a possible 'return to form' for DeFi's blue chips.
Still a long way to go, but a decent start!
Thanks for reading!
If you enjoyed this insight please leave a like, join discussion in the comments and share it with your friends!
Never miss a post from Ibis!
Get 'early bird' alerts for new insights from this author