Daily number of DeFi users worldwide up until January 9, 2023

Decentralized Finance users grew by 300,000 since early 2022, less than half the increase during the same period in 2021. This according to a network crawling code that tries to measure the number of unique user addresses involved in buying or selling specific projects associated with DeFi. For example, the code lists data fetching commands associated with Uniswap and Aave - two DeFi protocols with a market cap that was higher than one billion U.S. dollars in March 2022. As Decentralized Finance - much like cryptocurrencies or NFTs - are not being tracked by an official government, these procedures to measure "network activity" - activity on the Ethereum blockchain/network, the most used blockchain for DeFi, or elsewhere - tend to be the only source of information on the market size of these topics. However, the source does acknowledge the numbers shown are not without their potential flaws.