Ethereum DApp Trading Volume Plummets 33% in the Past Week
Trading volume in decentralized applications (DApps) for Ether (ETH) plummeted 33% over the past week to $39.04 billion. The drop reflects a contraction in the overall cryptocurrency market, although Ether still leads in total locked-in value (TVL) and trading volume. Ether's spot exchange-traded funds (ETFs) performed flat, leading to outflows and putting a limit on ETH price gains. While Ether's TVL increased by 9% in 30 days to $18.6 million, the BNB chain's TVL declined. The decline in on-chain activity on the Ether network could have a negative impact on ETH prices, despite record activity on Layer 2 solutions such as Base, Optimism and Arbitrum. This broad decline in activity suggests a general waning of interest across the crypto industry.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI hackers become the norm! Palo Alto Networks (PANW.US) emerges as the biggest winner, with 2027 fiscal year guidance exceeding expectations across the board
The financial report shows that the company’s revenue for the fourth quarter of fiscal year 2026 reached 3.41 billions USD, representing a year-on-year increase of 34.3%, exceeding expectations by 60 millions USD. Adjusted earnings per share were 1.02 USD, surpassing expectations by 0.04 USD.
Aura Minerals director Bruno Sousa Mauad disposes of common shares worth USD 13.42 million
Crypto prices
More
