Ethereum DeFi users rise almost 530% in 2019

According to the latest DappRadar report, the Ethereum dapp ecosystem has been flourishing in the second half of 2019, with user numbers across almost all categories seeing a huge rise since June.

DeFi stood out as the category with the most growth, seeing its user numbers rise by 529 percent this year, putting the 195 percent rise seen by games and marketplaces to shame.

DappRadar report shows Ethereum dapp ecosystem flourishing despite bear market.

While ETH itself was struggling, the dapp ecosystem within Ethereum was flourishing.

DeFi apps saw the biggest growth in 2019, despite accounting for only 6 percent of the overall user base.

Games and marketplaces, which accounted for more than half of overall daily activity in the Ethereum dapp ecosystem saw a user base growth of 195 percent.

The total value of ETH tokens for all Ethereum dapps during 2019 was $1.8 billion, up 202% in terms of USD value, the report found.

DeFi, which accounted for 45 percent of the total value, saw its token activity rise by 1,990 percent since June.

Exchanges, which accounted for half of the total value in Ethereum dapps, saw its token activity go down by more than 40 percent.

The category saw its token activity increase by 87 percent in just six months, showing that they didn't have to generate significant value to attract more active users.