📣 Attention crypto enthusiasts! Ethereum (ETH) continues to lead in the adoption of decentralized applications (DApps) in terms of volumes and deposits, despite competition from chains like Solana (SOL) and BNB Chain (BNB). 🚀

Although these chains benefit from lower transaction fees, Ethereum has seen an 83% increase in volume compared to the previous week. However, it is important to note that despite the high fees, deposits on Ethereum can exceed $1 billion, which could skew the numbers.

Interestingly, the increase in Ethereum volume did not correspond with an increase in the number of users. Despite having fewer users due to high fees, the growth in Ethereum deposits could have offset the decline in activity.

Ethereum's volume growth was primarily driven by a 422% surge in Balancer in seven days, totaling an impressive $40.6 billion. However, the significant increase in Balancer volume did not coincide with improvements in other metrics.

What do you think of this growth in Ethereum volume? Do you think high rates are affecting user adoption? Share your thoughts in the comments!