August 31, 2021, 5:07AM EDT
• 6 min read

Cohort analysis of the largest DeFi protocols on Ethereum

Quick Take

  • After identifying loyalty in DeFi protocols, the next step is to examine the interactions of different cohorts with protocols
  • Trading bots still generate a significant part of DEX volumes
  • May was the peak for trading volumes due to the arrival of new users
  • Cohort analysis for DEX aggregators better highlighted retail inflow
  • Lending protocols can seriously increase their userbases with the launch of liquidity mining incentives

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