In the chart embedded in the tweet, it can be seen that the number of DeFi users has skyrocketed in the month of August after stable growth in June and July.
DeFi Weekly Active Users Hit 99,686 and Daily Active Users Almost Hit 20k
Additionally, Mr. Audet broke down the numbers in terms of weekly and daily active users. In the case of the former, he gave a figure of 99,686 Weekly active users. In terms of daily active users, the figure stands at 19,287. Below are the two tweets highlighting these numbers.
The Numbers Dispel The Notion that DeFi is For Whales
From the first chart, it can be observed that DeFi users shot up to 292,000 in the month of August. This feat throws out the earlier assumption that DeFi was solely an activity for whales. This group of crypto investors was thought to be the only ones who could afford the high ETH gas fees during Ethereum’s network congestion.
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