In the past week, Ethereum‘s decentralized applications (DApps) have shown a notable increase in activity, with transaction volumes growing by approximately 36%. This increase has been primarily driven by key players in the decentralized finance (DeFi) sector, including Uniswap and Balancer.

Uniswap, one of the leading decentralized exchanges, saw its transaction volume grow by 35%, reaching approximately $3 billion. Balancer, an automated market maker, experienced a 46% increase, bringing its weekly volume close to $1.8 billion.

Despite this surge in DApp activity, the price of Ether (ETH) has remained relatively stagnant. After dropping to around $1,630 on August 27, ETH has struggled to recover, recently hovering around $1,700. Over the past 30 days, the cryptocurrency has experienced a decline of roughly 15%, reflecting broader market challenges.

The increase in DApp transaction volume highlights a strong demand for decentralized financial services, yet this has not translated into a corresponding rise in ETH’s market value. This disconnect may be attributed to ongoing uncertainties in the broader cryptocurrency market and investor caution, which continue to exert downward pressure on ETH.