The comeback season for DeFi?

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Ibis
Jul 1, 2021

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!




DEFI
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Ibis
Jul 1, 2021

Thanks for reading!

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