Whereas many decentralized finance (DeFi) tokens suffered heavy losses final month — prompting unexpectedly written obituaries concerning the DeFi “bubble” — metrics measuring consumer exercise noticed sustained sector-wide development.

In response to crypto market knowledge aggregator Dune Analytics, the overall variety of distinctive DeFi user-addresses is round 860,000, a rise of roughly 10 instances over the previous 12 months. Observe: that’s a cumulative determine and customers might need multiple tackle.

Distinctive wallets partaking with DeFi over time: Dune Analytics

Regardless of many DeFi tokens shedding vital worth final month, the sector’s user-count elevated by almost 40%, from roughly 555,000 to 775,000, throughout October.

An additional 85,000 customers joined DeFi through the first 11 days of November, growing the variety of customers by 11% in lower than two weeks. In complete meaning DeFi consumer numbers have grown 55% from the beginning of October.

Lending protocol Compound and decentralized change (DEX) Dydx have been among the many DeFi’s strongest gainers, growing their consumer bases by 250% and 50% over the previous 30 days respectively.

Compound’s absolute development even exceeded that of main DEX Uniswap, with the protocols attracting 135,000 and 110,000 new customers over the previous month every.

Whole customers over time on Uniswap and Compound: Dune Analytics

The amount of markets hosted on Uniswap can be rapidly increasing, with the variety of pairings on the platform growing 34%, from roughly 16,200 to 21,700, over 30 days.

Dune estimates that almost 81,000 customers interacted with Uniswap over the previous week — equal to 9.4% of all distinctive addresses in partaking with your entire DeFi sector.

Uniswap presently represents 63.6% of each day DEX commerce, adopted by Curve with 12.2%, SushiSwap with 8.64%, and 0x with 7%. As such, simply 4 exchanges make up greater than 91% of complete DEX quantity.