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#ETH Price & #DeFi Transaction Volume Correlation

BY: @dapp.com | CREATED: March 15, 2020, 4:02 a.m. | VOTES: 78 | PAYOUT: $7.33 | [ VOTE ]

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%?

[IMAGE: https://cdn.steemitimages.com/DQmXKX2DccVaH4hyJCdeZsk3rL7TVSj6QDcDnvS5Egt4Nzx/%E5%B1%8F%E5%B9%95%E5%BF%AB%E7%85%A7%202020-03-15%20%E4%B8%8A%E5%8D%8811.17.50.png]

Data: https://dapp.com/market?utm_source=st

TAGS: [ #defi ] [ #blockchain ] [ #crypto ] [ #cryptocurrency ] [ #eth ] [ #dapps ] [ #ethereum ] [ #ether ]

Replies

@reviewzzz | March 15, 2020, 4:03 a.m. | Votes: 0 | [ VOTE ]

Ethereum is going worth

@dapp.com | March 15, 2020, 11:22 a.m. | Votes: 0 | [ VOTE ]

The transaction volume in $ETH didn't really change. Even though the $ETH price drop a lot, the activity in terms of transaction volume, did not really drop.

@onthewayout | March 15, 2020, 6:03 a.m. | Votes: 0 | [ VOTE ]

Maybe correlation does not equal causation?

@dapp.com | March 15, 2020, 11:22 a.m. | Votes: 0 | [ VOTE ]

The transaction volume in $ETH didn't really change. Even though the $ETH price drop a lot, the activity in terms of transaction volume, did not really drop.

@onthewayout | March 15, 2020, 4:30 p.m. | Votes: 0 | [ VOTE ]

It would be interesting to see the type of transactions that changed with the value of ETH dropping.

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