Morpho Tops Weekly Volume With Lower User Base

• Morpho leads Ethereum Dapps with $ 39.57 billion volume despite low wallet activity.
• UNISWAP V4 Tops of the user count with 53,350 portfolios but is in sixth place in volume.
• Sky stops the highest balance of $ 3.55 billion but records a low weekly transaction volume.

According to data released by Daprad on 22 April, Morpho has registered the highest weekly transaction volume under Ethereum Decentralized Applications (Dapps). During the seven days, the loan protocol treated $ 39.57 billion, which eliminated Uniswap V3, which placed $ 36.72 billion.

With only 1,770 unique active portfolios (UAW) and a total balance of $ 1.05 billion, the MORPHO output reflects a high activity concentration at a limited number of participants. Uniswap V3, on the other hand, reported 33,000 UAW and had a larger balance of $ 1.51 billion. This gap in wallet activity and liquidity emphasizes the efficiency of the use of Morpho and suggests increased loan or loan activity within the platform.

Sky leads in liquidity but paths in volume

Sky, a less well-known project within the Ethereum Dapp ecosystem, claimed the highest total balance of all ranked platforms at $ 3.55 billion. However, it became third in weekly transaction volume and processed $ 2.97 billion. Sky’s active wallet was also one of the lowest, with only 486 portfolios that interact with the protocol during the week. The difference between liquidity and the user volume indicates under -utilized capital or low -frequency high -quality transactions.

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Source: X

Balancer followed closely with $ 2.88 billion in volume, while Cow Swap booked $ 2.44 billion. Both protocols maintained moderate balances and active wallets, signaling of stable but less intensive use than daps of the best ranking.

Uniswap V4 sees the highest portfolio activity

UNISWAP V4, a recent iteration of the uniswap protocol, showed a strong user involvement. It registered the highest active portfolios on all stated DAPPs and reached 53,350 during the week.

While Uniswap V4 occupies the top in the number of portfolios, the platform occupied 6th place in terms of the total volume of transactions, which reached $ 1.15 billion. It shows a relatively large number of users, presumably before checking or rare orders, but it is hardly balanced at the peak introduction speeds of previous protocol versions.

1 inch, another Dapp -based Dapp, placed $ 884.52 million in weekly volume while involved 29,470 unique portfolios. The figures of both statistics are in the middle range, indicating consistent activity in decentralized exchange users and aggregators.

Curve, Uniswap V2 and Pendle closed the top ten rankings, each of which reported less than $ 300 million in transaction volume. Curve stood out with the lowest number of wallets of all protocols stated, at 392, although the balance was approaching $ 300 million. Uniswap V2 and Pendle also showed low involvement and transit in comparison with newer or more active alternatives.

It turned out that there were some protocols with a small wallet count that used billions in volume, while others with large portfolios received little or low activity. They indicate that the tendencies of the consumer in decentralized financing, where fewer protection groups may be able to complete greater value and compensate for efficiency for scarce or no interaction.

The ranks remain focused on how significant differences in the performance of decentralized financial protocols can even be found within the same network. Although Morpho took the total volume, the portfolio activity of Uniswap V4 speaks and speaks in every size of one kind of dominance.