DeFi Daily News,October 6th, 2020

2 min readOct 6, 2020


1. Bitcoin’s price is steadily increasing after last week’s bad news dump; while Ethereum’s fees fall. Bitcoin (BTC) trading around $10,734 as of 20:15 UTC (4:15 p.m. ET). Gaining 0.51% over the previous 24 hours, which trading range was between $10,621 and $10,775.

2. According to the ChainNews, the Ethereum light wallet MetaMask has more than 1 million monthly active users, an increase of more than 400% compared with December 2019. Among them, the top four countries in terms of the number of mobile users are the United States, India, Nigeria and the Philippines. MetaMask said that the recently launched MetaMask mobile app played an important role in the introduction of new users. In addition, in the past twelve months, the adoption of DAO and Web3 games has increased significantly, as well as the rapid adoption of DeFi products and services by consumers, further accelerating user growth.

3. According to BeInCrypto citing data from Messari Crypto, 45 DeFi tokens have risen 745% since the beginning of the year and 240% in the past 90 days. In the short term, these tokens have shrunk by 8.5% in the past 30 days, highlighting the market’s correction. The market value of DeFi tokens is approximately US$5.3 billion, accounting for only 1.5% of the total amount of all encrypted assets. The best-performing DeFi token in 2020 is Aave’s LEND, which has earned 2925% since the beginning of 2020. The second-best performer is YFI, with a return of 1670%.

4. According to The Block’s October 5 news, market data showed that Uniswap’s monthly trading volume exceeded that of the cryptocurrency exchange Coinbase for the first time. In September, Uniswap’s transaction volume was approximately USD 15.4 billion, accounting for 65% of the total DEX trading volume of USD 23.5 billion that month. In contrast, Coinbase reported a monthly trading volume of $13.6 billion.


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