On June 9, the Cryptorank portal has published a List of the DeFi projects with the most activity in the last 15 days. This ranking is led by the Stargate project, followed by PancakeSwap and Uniswap.
Top 15 DeFi Projects by 30D Active Users pic.twitter.com/KhtfnXZxaq
— CryptoRank Platform (@CryptoRank_io) June 9, 2023
The portal has taken a total of 15 DeFi projects with the largest number of active wallets in the last 30 days, and in this way elaborates the ranking that Stargate leads with more than 2.3 million users in the protocol, with an increase of 56.14% of active wallets.
Stargate is ranked 211 in the general ranking that Cryptorank has. As of June 14, the STG token price is trading at $0.553 per unit. However, in DeFi protocols the value of the token, as in this case, is not decisive to know if it is being adopted or not.
The interaction of the wallets with the protocols is the best way to obtain more accurate data on the use and adoption of this type of project. In second place is PancakeSwap, a decentralized exchange that has had an activity of active wallets of more than 1.6 million users.. This represents a decline of 3.20% of active wallets, according to the information provided by the portal.
The native CAKE token marked an all-time high for April 30, 2021, with a price of $44.12, and by June 14, 2023, it stood at $1.41 per unit.. The token has been fluctuating since 2022 until now between 8 dollars as a top band and the 1.3 dollars that it came to be worth, which it touched on June 12.
The third position in the ranking is occupied by Uniswapanother decentralized exchange that managed to agglutinate in the last 30 days that Cryptorank took to elaborate the ranking, a total of 1.11 million active wallets, which translates into a 6.08% drop in the total number of active addresses.
Uniswap has a native token called UNI, which was trading on June 14, 2023 at $4.59. This price has fallen more than 89.8% from its all-time high of $44.91 on May 3, 2021.
Following these three protocols is Woo Network. Woo Network is defined as a liquidity network between centralized finance and decentralized finance. This protocol allows an amalgamation between the two types of finance, and since its launch it reached a record high on November 15, 2021 at a price of $1.78, with a depreciation close to 91%. On June 14, the value was at $0.159, occupying place 108 in the ranking of the Cryptorank portal.
With a total of 581 thousand active wallets in the ranking period, it ranks fourth as a DeFi protocol. This data represents a 123% increase in the number of active addresses.
Subsequently, Trader Joe is found, with a total of 370 thousand wallets interacting with this protocol. Trader Joe increased his activity on the network by 61%, which allowed him to reach this number and occupy a position within the first 15 selected.
Trader Joe is a one-stop decentralized trading platform native to the Avalanche blockchain. Trader Joe also owns a native token called JOE, which was trading on June 14 at a value of $0.304. It occupies position 216 in the general ranking of Cryptorank. This price is 93.9% below its all-time high reached on November 21, 2021.
Curiously, 1inch and SushiSwap occupy the sixth and seventh place in this ranking. Two decentralized exchanges as well.
1inch had a total of 326 thousand active addresses, representing a 6.58% drop in user engagement for the prior period. The exchange owns a native token called 1INCH that was trading at $0.262, down approximately 96.9% from its all-time high reached on October 27, 2021, when it hit $8.50.
SushiSwap, for its part, occupies position 213 in the general ranking of the portal with a market capitalization of 106 million dollars. The value of the native token called SUSHI was trading for June 14 at $0.555 per unit, 97.6% below its all-time high reached on March 13, 2021.
It reaches sixth place with a total of 167 active wallets with the protocol according to the data shown by the Cryptorank portal, also showing a drop of 8.1% in active wallets.
0x Protocol, Li.Fi, Pink Sale. ParaSwap, Metamask Swap, Camelot, Transit Swap and Odos make up the group of the remaining protocols in the top 15 with the most active wallets.
According to the data shown by the portal, 0x Protocol, Li.Fi and PinkSale showed an increase of 8.7%, 9.9% and 59.9% respectively, leading to occupy the eighth, ninth and tenth place in the ranking.
0x Protocol reached a total of 167 thousand active wallets, with an increase of 8.7%. The LiFi protocol reached 142,000 with an increase of 29.9%, which places it in ninth place in the ranking. Likewise, PinkSale managed to have 122,000 active wallets, with an increase of 59.9% that brought it to tenth place in the ranking.
Finally, the ParaSwap, Metamask Swap, Camelot, and Odos protocols have had negative variations in user interactions. The data indicates that ParaSwap contracted by 3.01% in the number of active wallets, which has led to a total of 112 thousand interactions in the period.
Metamask Swap, for its part, lost 10.4% of the ground compared to the previous period, leading to a little more than 99 thousand wallets interacting with this wallet. For its part, Camelot obtained a little more than 91 thousand active wallets, which translates into a 61.16% loss of interaction for the protocol.
Odos on the other hand, lost 46.7% of user interactions and dropped to the bottom of the ranking with more than 76,000 active wallets for the period in question. This figure leads him to occupy fifteenth place in the ranking.
The growth of 7.4% managed to keep the Transit Swap protocol within this top 15 with more than 80 thousand addresses interacting with the protocol, and with this number of users it occupies the fourteenth place in the ranking.
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