Ethereum DApp weekly transaction volume surged 83%, of which Balancer accounted for 59.5%

The weekly transaction volume of decentralized applications (DApps) on the Ethereum network surged 83% compared to the previous week, but 59.5% of it came from a single application, Balancer. Despite the increase in overall transaction volume, the number of active Ethereum users decreased by 8% from the previous week, and TVL also decreased by 17.5%. This growth is inconsistent with the trend of other parts of the crypto market, and excluding the contribution of Balancer, the weekly transaction volume of Ethereum DApps actually decreased by 5%. This anomaly suggests that further analysis is needed to understand the real demand and potential manipulation behind the increase in transaction volume. (Cointelegraph)