​​More than 3M of ETH is locked in DEFI

According to DeFipulse.com total ETH locked in DeFi reached is at an all-time high of 3M ETH. This is almost 55% more than it was on the 1st of January, 2019.

DeFi is an abbreviation of the phrase decentralized finance which generally refers to the digital assets and financial smart contracts, protocols, and decentralized applications (DApps) built on Ethereum.

So far, Maker DAO has the biggest amount of locked crypto value: $378 M, which is worth more than half of the entire decentralized finance market. Maker DAO is followed by Synthetix and Compound.

As per our previous post, a lot of industry leaders envision a bright 2020 for Decentralized Finance.