Ethereum's top 10 DApps hit 1M users this month

Ethereum-powered decentralized applications, or DApps, have attracted more than one million active users over the last 30 days according to analytics platform DappRadar.

The top three DApps - Crypto.com's DeFi Swap, Uniswap, and Compound - account for the lion's share, with more than 930K users between them.

DeFi Swap had 509.6K, Uniswap had 276.7K, and Compound had 143.9D users.

None of the remaining seven DApps had more than 30,000 users across the month.

Dune Analytics data suggests that an individual DeFi user may have multiple addresses and interact with multiple DApps on multiple occasions during a month, making it difficult to accurately estimate actual users numbers from the above figures.

DeFi DApps are more likely to see volatility in user numbers as their activity is subject to the whim of speculative market sentiment.

The number of total active users on Ethereum has been on the rise this year reaching a 33-month high last month.

Despite the continued growth of DApps on Ethereum, last month's high of 1 million active users represents less than 20% of October's total active addresses, suggesting there is the potential for continued growth in the DApp ecosystem.

It is unclear, how many of the 1 million active users are unique users.

Some users will use the same DApp multiple times in the month, and others may use multiple DApps, further inflating numbers.