Total Ethereum (ETH) Locked in DeFi Surpasses 3 Million
According to data from DeFi Pulse, more than 3 million Ethereum are now locked in DeFi applications, up more than 11% in the last month alone. This represents roughly 2.7% of the total circulating supply of ETH.
The total dollar amount in DeFi is also sitting near an all-time high at around $680 million. Although, growth in the total USD value has been minimal over the last 6 months with Ethereum’s price struggling.
Maker (MKR) lending products are currently the largest contributor to the DeFi market, with 2.4 million ETH locked, representing 56.4% of the total.
More: Ethereum DeFi Data
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.