Over the past few months, The Block has reported on the growing volume on decentralized exchanges, which hit an all-time high above $4 billion for July.
Data from SimilarWeb indicates that many of the most popular DeFi platforms — including the likes of MakerDAO, Compound and Aave — began seeing marked increases in web visits starting in April and May. The notable crescendo in activity comes as Ethereum hit its five-year anniversary since launch.
The chart below, collected by The Block Research, shows the growth in web traffic over time.[caption id="attachment_74233" align="aligncenter" width="1567"] Source: SimilarWeb[/caption]
Below we break out the numbers behind each platform, which provide greater clarity on the growth figures. For example, SimilarWeb showed 80,000 visits …