DeFi and DEXs Helped Increase Ethereum’s Transaction Volume
Key to this increment in transaction volume on the Ethereum network was DeFi and Decentralized exchanges. The team at DappRaddar explained it as follows:
Record-high figures could be spotted in transaction volumes too. Transaction volumes almost doubled in August and surpassed the $24 billion line. Of course, DeFi and DEX dapps played a vital role there. Both grew by $9 billion in August.