Cryp2Nova

DEFI Markets DEX Ethereum DEX Traders

DeFi

The count of unique wallet addresses that executed at least one decentralized exchange trade on Ethereum within a given period.

Why it matters

To measure the breadth of user participation in on-chain trading on Ethereum, separate from raw volume.

How it is built

Counting distinct wallet addresses that initiated a swap transaction on Ethereum-based DEXs over the period.

What to watch

Growth in unique traders signals broadening adoption of on-chain trading beyond a small group of large participants, while stagnation suggests volume is concentrated among fewer users.

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