According to Odaily, the weekly trading volume of decentralized applications (DApps) on the Ethereum network has seen a significant increase of 83% compared to the previous week. However, a single application, Balancer, accounts for 59.5% of this increase. Despite the overall rise in trading volume, the number of active Ethereum users has decreased by 8%, and the total value locked (TVL) has also fallen by 17.5%.
This growth contradicts the trends observed in other parts of the crypto market. Excluding the contribution from Balancer, the weekly trading volume of Ethereum DApps has actually decreased by 5%. This unusual phenomenon suggests the need for further analysis to understand the real demand behind the increase in trading volume and potential manipulative behavior.