Ethereum dApp volume jumps 92%, but ETH bulls need to be careful

stood out from the many blockchains available after its dApp volume increased by 92.43% in the last seven days. For context, dApp stands for decentralized Applications.

But this time, the dominance could be linked to the cheap gas fees enabled by the Dencun upgrade which took place in March. At press time, Ethereum’s dApp volume was $71.13 billion.NFT Aggregator registered notable hikes. However, others including Uniswap V2 and V3 could not match up as they noted declines.

If it increases, it means that user activity is high. But a decrease suggests a fall in active transactions, and that was the case with Ethereum.Meanwhile, ETH’s price changed hands at $3,365 which was a 2.32% decrease in the last 24 hours.If the number increases, then the blockchain is getting good traction. However, a decrease implies that adoption is low, which seems to be the case with ETH.

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