DeFi dapp with users

Browse the top most used DeFi apps from June 23-30, 2020. The DeFi category on DappRadar currently contains only 33 active dapps, which will be still a relatively new and evolving category. In fact , many dapps remain arguing about which category they are the most suitable for, decentralized exchange (DEX) or DeFi, and dapps that offer both services will make a decision soon.
These two overlapping categories may also be combined organically. Therefore , DappRadar might track decentralized finance as a category later on. Below we shall explore the 10 DeFi apps with users in the last 1 week of June.

June 23-30, 2020 (7 days)
You will need to note the weight of applications running on the Ethereum protocol. Eight of the very best 10 DeFi dapps operate on Ethereum. Interestingly, TRON has weakened the dominance of Ethereum in 2020 using its JUST and Oikos. cash.
1 .
DAU in 1 week is 7905
While the 2nd largest application on Ethereum, Compound can be an open source autonomous protocol built for developers to build up new financial applications. Open and transparent interest rate models and instant borrowing are all utilized in Compound's open economic climate.
2.
DAU is 3503 in 1 week
Synthetix, formerly known as the stablecoin project Havven, renamed its brand and expanded its scope before launching on the mainnet in February 2019. As of May 2019, the Synthetix platform supports significantly more than 20 synthetic assets (Synths) representing fiat currencies, commodities (such as gold) and crypto assets. Stocks, indices and other derivatives are required to join soon.
3.
DAU in 1 week is 3031
Oikos is just a Synthetix-like project on TRON, a synthetic asset platform that delivers transactions on the blockchain of fiat currencies, commodities, stocks and indices. Synths are locked in smart contracts by Oikos token OKS as collateral.
4.
DAU is 2415 in 1 week
1inch is just a DEX aggregator with the very best prices on the market and can be an essential area of the DeFi industry. The platform claims that by splitting transactions right into a single transaction using fuel fees between multiple DEXs, fuel prices can be paid down by half, thereby attaining the best price.
5.
DAU in 1 week is 2043
The Aave protocol is just a decentralized, open source, non-custodial money market protocol. Depositors earn interest by giving liquidity to loan pools, while borrowers may use these fund pools to have loans through over-collateralized funds or unsecured funds.
six.
DAU in 1 week is 1977
MakerDao is just a decentralized lending project built on the Ethereum blockchain. The Maker platform uses Ethereum smart contracts to automate the functions of the lending platform and its own related stablecoins in a decentralized manner. Users of the platform can issue collateral (Ether) and get the platform's local stable currency Dai, which aims to reflect the worth of the U. S. dollar.
7.
DAU is 1444 in 1 week
Curve can be an automated market maker optimized for stable coins. On the one hand, it acts being an exchange and however allows liquidity providers to earn fees and loan interest.
8.
DAU in 1 week is 788
JUST is built on TRON and aims to ascertain a fair and decentralized financial ecosystem to provide global users with stable currency lending and governance mechanisms. All transactions, mortgages and governance are transparent and executed on the chain.
9.
DAU in 1 week is 739
dYdX is the world's leading decentralized financial platform based on Ethereum, which aims to construct the future of democratized decentralized finance. dYdX can be utilized by anyone anywhere. dYdX users can gain income in cryptocurrency margin trading through custom leverage.
10.
DAU in 1 week is 610
Nexo is the innovative and trusted instant crypto financial institution on the planet, providing services for significantly more than 40 currencies in significantly more than 200 jurisdictions. Nexo has provided loans worth tens of millions of dollars to an increasing customer base of thousands.
We will continue steadily to track this category and report on trends in the decentralized financial world. Now, please be sure to bookmark on DappRadar. com and sign up for our newsletter to send the update directly to your inbox.

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