The biggest events and stories that happened in JUNE 2020.
Reddit announced a new Community Points system based on the Ethereum blockchain. Community Points will be distributed in Reddit’s r/CryptoCurrency and r/FortNiteBR communities, also known as subreddits, which have about 1 million members each.
Blockchain game Splinterlands, which was the most popular Steem dapp with over 4,500 daily active unique wallets, transitioned from Steem to Hive on 1 June 2020, resulting in those users moving from Steem to Hive.
One of the variables that brought about a noticeable impact in the DeFi space was something known as ‘The Coinbase Effect’. Coinbase currently boasts 30M users, 8M of which joined in 2020 so this move is a real positive for the growing DeFi space.
DeFi dapp Compound has arguably caused the biggest waves in June. After a single day of trading Compound’s new COMP token became the largest decentralized finance (DeFi) token by market cap overtaking MakerDAO.
Have a look at the major stories affecting the #dapp sector in regards to user activity and value created.