The number of unique Ethereum addresses interacting with Decentralized Finance (DeFi) protocols hit an all-time high of 3 million for the first time.
According to records on Twitter of 1Confirmation cryptocurrency venture capital fund partner Richard Chen, citing network data provider Dune Analytics, the total number of unique Ethereum addresses used in various DeFi protocols exceeded 3 million for the first time in history.
This figure does not reflect the number of active DeFi users, as one person typically uses more than one address for transactions. According to Dune Analytics, about 2.35 million addresses interact with the Uniswap decentralized exchange, 325,000 with the Compound Finance protocol, and almost 260,000 with the 1Inch protocol. SushiSwap and Balancer, two decentralized exchanges with automated market makers, also ranked in the top five most popular exchanges.
CMT Digital Analyst Matt Casto notedthat the popularity of DeFi is growing. He estimates that the DeFi segment has reached 3 million addresses 13.6 times faster than 1 million. The number of actively interacting with DeFi protocols has grown by 50% in just 79 days.
The venture capital arm of Siam Commercial Bank (SCB) recently announced that it is gearing up for decentralized finance to revolutionize the traditional banking industry.

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