Analyzing the Surge in Ethereum's DApp Transaction Volume

   The Ethereum network continues to lead the adoption of DApps in terms of transaction volume and deposits. Activity on the Ethereum network is different from the broader cryptocurrency market trends and may be distorted where deposits may exceed $1 billion. The growth in Ethereum's transaction volume has not been matched by an increase in the number of users, and the total value locked in Ethereum DeFi applications fell by 17.5% in 7 days. Determining the true demand behind the surge in Balancer trading volume is challenging