Protocol usage refers to the extent and manner in which a blockchain protocol or decentralized application is being actively employed by users. This can be quantified through metrics such as the number of active addresses, transaction counts, gas fees consumed, or the volume of assets processed. High protocol usage indicates strong adoption and utility within its ecosystem. It serves as a key indicator of a project’s real-world relevance and demand for its services.
Context
News reports often highlight trends in protocol usage to assess the vitality and success of various digital asset projects. Analysts examine these figures to identify growing sectors within decentralized finance or new application categories gaining traction. Understanding protocol usage provides insight into user behavior and the competitive landscape of blockchain technology.
SUI's Q1 DeFi expansion and institutional interest validates its high-throughput L1 architecture, setting a new benchmark for mass-market dApp scalability.
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