Read the success stories of crypto entrepreneurs.

Discussions are fun when we are part of a community.
Login Free Registration

Get 10 AltcoinN Points just by registering on this forums.

The Battle of Decentralized Finance (DeFi) Continues As Bitcoin Takes Over Ethereum

The amount of Ether locked in decentralized applications (DeFI) has been on a constant decline since hitting the peak at 3.2 million ETH in February.
In the past three months, the amount of ETH locked dropped almost 19% and over 7% in less than a week.
Currently, 2.6 million ETH are locked in DeFi, as per Defi Pulse, with Maker accounting for 50% of this followed by Compound and InstaDapp.

Total value locked in DeFi also fell from over $1.2 billion in February to $530 million in March, following the Black Thursday. However, unlike Ether, this amount has grown to nearly $850 million.
This growth could also be the result of the Bitcoin locked in DeFi besides rising price.