DApp: Rapid Growth of DeFi and DEX May Enable Ethereum to Surpass Bitcoin

It is certain that Ethereum remains one of the most important blockchains in the crypto industry. Its impressive growth in Q2 2020 was mainly driven by two decentralized application categories: DeFi and DEX, while liquidity mining is the core mechanism driving the rapid development of DeFi and DEX. Recently, decentralized application analytics company DappRadar released a Q2 DApp analysis report, which evaluated metrics such as daily active wallets, transaction volume, and transaction value, aiming to gain deeper insights into the operational status of each independent blockchain and the broader DApp ecosystem.