DeFi-sector user base up 55% in six weeks

The total number of unique addresses in the DeFi ecosystem surpassed 860,000, according to data from analytics service Dune Analytics.

As of November 13, the figure was estimated at 869,135, compared with 82,918 a year earlier. Analysts noted that the figures may be overstated, since any user may own multiple addresses.

Total number of users all time. Source: Dune Analytics.

Despite a fall in the sector’s market capitalization by a quarter in early October, the number of users rose during the month from 555,000 to 775,000. A further 85,000 new addresses appeared during the first 11 days of November. Over six weeks the indicator grew by 55%.

Total number of Uniswap and Compound users all-time. Source: Dune Analytics.

The Uniswap (UNI) token remains the most capitalised asset in the DeFi sector. At the time of writing its dominance index stood at 21.94%. The total value locked on this leading DEX surpassed $3 billion.

Total value locked in DeFi-sector assets amounts to a record $13.74 billion. Data: DeFi Pulse.

Second place is Maker with $2.32 billion, followed closely by WBTC ($2.02 billion). In fourth place is Compound ($1.43 billion), and fifth is Aave ($1.17 billion).

Data: DeFi Pulse.

At the moment of writing the overall market capitalization of DeFi tokens is $16.6 bn. In the last seven days, the assets in the top 10 of this list have risen significantly.

Data: Messari.

Earlier in November, the futures price on the DeFi-token index fell to a four-month low.

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