Nov 27, 2023

DeFi activity is picking up, according to a recent report by blockchain analytics platform Kaiko.

Video transcript

The chart of the day is presented by, the leading crypto platform trusted by over 80 million users worldwide. Today's chart of the day shows that defi activity might be picking up. That's according to a recent report by Blockchain Analytics firm. Ko. This chart shows the average gas fees on Ethereum hitting their highest levels in six months earlier in November as activity on the network increased. The Analytics platform says gas usage has been led by Unis swap where meet tokens like rock and surging tokens like RLB and link have registered significant volumes. Ko added that trading bots like banana gun which allow users to trade tokens with a relatively user friendly interface on the messaging platform has also consumed significant amounts of gas. While whale activity has also increased uni prices are seeing a bit of a jump today. Uni is at around $6.20 up almost 4%. That's it for today's chart of the day. I'm Jen Sani. We will see you next time to unpack more of the data behind top news stories.

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