DappRadar Announcement: DeFi Boom Increases DApp Transaction Volume By 100% By 2020

According to Cointelegraph, a new report released by DappRadar shows that by 2020, DApp trading volume will exceed $ 270 billion, of which 95% is for Ethereum's DeFi ecosystem. This is an increase of 1,178% over last year for a total of $ 21 billion. The report noted that BTC to ETH revenue increased throughout the year, increasing the ETH rate from 0.018 BTC to the current rate of 0.028 BTC on January 1, 2020. DappRadar believes that DeFi's backlash is "a stimulus for Bitcoin to flow into Ethereum." The report describes 2020 as "a year in which DApps have tried to grow anyway." According to the report, only 10 DeFi DApps account for 87% of Ethereum's total market share. The report notes that the Ethereum network "has really seen an increase in scalability" this year, as Ethereum limits have emerged and average fuel prices are several times higher than last year. .