Ethereum DApp weekly transaction volume surged 83%, of which Balancer accounted for 59.5%
The weekly trading volume of decentralized applications (DApps) on the Ethereum network surged 83% compared to the previous week, but 59.5% of it came from a single application, Balancer. Despite the overall increase in transaction volume, the number of active Ethereum users decreased by 8% from the previous week, and TVL also decreased by 17.5%. This growth is not in line with the trends in other parts of the crypto market, and excluding Balancer's contribution, the weekly trading volume of Ethereum DApps actually decreased by 5%. This anomaly suggests the need for further analysis to understand the real demand and potential manipulation behind the growth in transaction volume.
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