Active user wallets on Ethereum DeFi have dipped 40% in one month
According to DappRadar, the unique active wallet count on the Ethereum DeFi market has seen a significant drop. Between mid-February and the time of writing, unique active wallets on Ethereum DeFi have dipped almost 40%. While Ethereum (ETH) gas fees seem to have bottomed out, the high transaction costs that have characterized the network over the past few weeks appear to have resulted in a marked effect on DeFi user statistics. Source: DappRadar.com Major DeFi protocols like Synthetix and Curve have also seen between 10 and 15% in 24-hour active user count decline. Indeed, Cointelegraph previously reported that daily DeFi
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