DeFi has been instrumental in the growth exhibited on all popular blockchain ecosystems and with it there has been an onrush of decentralised exchanges or DEXes.
Ethereum has been able to consolidate itself at the top, but Tron and EOS are also pushing for top spot.
It was thanks to marketplace categories, DeFi and exchange, that Ethereum saw daily active wallets go up by 150% in Q3 compared to Q2 2020.
One specific event, the launching of the UNI token on Uniswap, has contributed significantly to the growth of the Ethereum ecosystem.
The activity on DEXes increased by 376% in the third quarter of the year.
Meanwhile, Tron managed to pull ahead on Ethereum and EOS insofar as network activity went, thanks to the launch of Tron 4.0 in July.
Admittedly, EOS only managed to bring up the rear, but the network has also grown.
In terms of activity, interest in EOS was 34% higher over the period.
Regardless, having healthier competition in the segment has been beneficial to the dApp ecosystem, seeing over 200,000 active wallets daily in Q3.
With smart contracts once again in the public eye, there have been new entrants, such as WAX, Waves, and Steem.
All of this bodes well for the industry, and especially the blockchain gaming industry.
With transaction fees rising a bit due to stale competition, having more entrants would allow platforms such as CasinoFair, Bitcasino, and 1xBit.com to offer a better and quicker product.
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