DeFi super user grow nearly 20% in Q2

ConsenSys released a quarterly report showing the growth of DeFi super users – those who have made at least 100 transactions on DeFi protocols in the quarter.

The report breaks down how the biggest users are interacting with the DeFi ecosystem:

  • Uniswap leads the way with 1,625 super users (including exclusive and overlapped users) within the span of 3 months (up 55% from Q1).
  • Kyber had the next-largest user base with 916
  • Compound ranked third with 367 super users

Why it matters:

  • Uniswap was the only protocol with over 1000 users and grew by over 50% in Q2 of 2020 demonstrating it's continued success in its second version. Interestingly it appears that most Uniswap and Kyber super users are not exclusive when choosing their DEX. Kyber and Uniswap had 890 super users that overlapped.
  • Compound which recently launched its governance token is now the third most utilized protocol and the top protocol that is not a decentralized exchange.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.
Mentioned Assets

Suggested Research Based on your Watchlists

Create a new watchlist
Mentioned Assets