Community post
#ETH Price & #DeFi Transaction Volume Correlation
Data from dapp.com: 12 Mar-13 Mar, #ETH drop around 47%. #DeFi volume on #Ethereum drop 46% from 117M to 63M USD.
❓Does anyone notice something interesting from these 2 numbers: 47%, 46%?
Replies (5)
Ethereum is going worth
Maybe correlation does not equal causation?
The transaction volume in ETH price drop a lot, the activity in terms of transaction volume, did not really drop.
The transaction volume in ETH price drop a lot, the activity in terms of transaction volume, did not really drop.
It would be interesting to see the type of transactions that changed with the value of ETH dropping.