Dune Analytics releases new DeFi dashboard

Dune Analytics releases new DeFi dashboard

By DefiMoon | DeFiMoon | 29 Apr 2020


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DuneAnalytics released several new data dashboards for the DeFi economy recently and the charts speak volumes. The most interesting one for myself is 'Total DeFi users over time' chart, which show only 155k total users across all protocols.

While the chart is impressive as it shows how quickly DeFi is absorbing new users, it also shows just how nascent the whole space is.

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The other chart that caught my attention was user growth of the gaming NFT marketplace OpenSea, which showed it had more users as MakerDAO, the biggest DeFi project! I knew gaming on ethereum was becoming popular but I had no idea it was growing that quickly.

MakerDAO users total over time: 14,800
OpenSea users total over time: 18,600

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Just to give you an idea of the growth potential of gaming on ethereum, take a look at how many users have been online in the past 48h on Steam, one of the most popular online gaming platforms in the world. 

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Another interest observation was the flattening of the growth curve of Augur. The prediction marketplace had steady growth of users in the second half of 2019, but in 2020 the curve really started to flatten. One of the major reasons for this flattening could be upcoming launch of Augur V2 in June. It's also wroth noting that Augur V1 had the lowest overall users of all DeFi projects. 

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If you want to do some analysis yourself, I high recommend you bookmark this dashboard as it will be constantly updated with new protocols and data: https://explore.duneanalytics.com/public/dashboards/RoW4GQaHOZNIRBSbnfnHEPdGJ62jtJa4x0V8TGBm


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DeFiMoon
DeFiMoon

The DeFiMoon blog is about news and developments concerning decentralized finance (DeFi) protocols (Compound, Maker, AAVE, DDEX, dYdX) and stablecoins (USDC, DAI, USDT, TUSD, PAX).

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