{"id":562651,"date":"2020-07-17T20:04:06","date_gmt":"2020-07-17T18:04:06","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=562651"},"modified":"2020-08-18T16:39:05","modified_gmt":"2020-08-18T13:39:05","slug":"ethereum-locked-in-defi-hits-new-all-time-high-of-3-5m-eth","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ethereum-locked-in-defi-hits-new-all-time-high-of-3-5m-eth\/","title":{"rendered":"Ethereum Locked in DeFi Hits New All-Time High of 3.5M ETH"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>The amount of Ethereum locked in DeFi continues to rise.<\/strong><\/li>\n<li><strong>Approximately 3.5 million ETH is locked in DeFi.\u00a0<\/strong><\/li>\n<li><strong>Majority of the Ethereum is locked up in the DeFi apps of Maker and Compound Finance.\u00a0<\/strong><\/li>\n<li><strong>Yield farming is the reason why more Ethereum keeps getting locked up in DeFi.\u00a0<\/strong><\/li>\n<\/ul>\n<p>The amount of Ethereum locked up in <a href=\"https:\/\/en.ethereumworldnews.com\/defi-is-fueling-a-surge-in-active-ethereum-eth-addresses\/\" target=\"_blank\" rel=\"noopener noreferrer\">DeFi platforms<\/a> has hit a new milestone of 3.5 Million ETH. This marks a new all-time high in terms of the amount of ETH locked up in Decentralized Finance applications since DeFi hit the crypto scene. This fact was highlighted by the team at DeFi Pulse via the following Tweet.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"und\" dir=\"ltr\">\ud83d\udc40 \ud83d\udc40 \ud83d\udc40 <a href=\"https:\/\/t.co\/a4p5pqc2NR\" rel=\"nofollow\">https:\/\/t.co\/a4p5pqc2NR<\/a><\/p>\n<p>&mdash; DeFi Pulse \ud83c\udf47 (@defipulse) <a href=\"https:\/\/twitter.com\/defipulse\/status\/1283403092344569858?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">July 15, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Maker and Compound Finance Dominate DeFi<\/h2>\n<p>Further checking <a href=\"https:\/\/defipulse.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">the DeFi Pulse website<\/a>, it can be concluded that the majority of the <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-eth-is-still-the-most-active-smart-contract-platform\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ethereum<\/a> is locked up in the two DeFi applications of Maker (MKR) and Compound Finance (COMP). Approximately 2 Million in ETH is locked up in Maker whereas 908,300 ETH is locked up in Compound Finance. Below is a list of the top 10 DeFi applications in terms of the amount of Ethereum locked up in them by investors.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/DeFi-July-17th.jpg\"><img class=\"aligncenter size-full wp-image-562653\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/DeFi-July-17th.jpg\" alt=\"\" width=\"885\" height=\"564\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/DeFi-July-17th.jpg 885w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/DeFi-July-17th-300x191.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/DeFi-July-17th-770x491.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/DeFi-July-17th-240x153.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/DeFi-July-17th-717x457.jpg 717w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2020\/07\/DeFi-July-17th-150x96.jpg 150w\" sizes=\"(max-width: 885px) 100vw, 885px\" title=\"\"><\/a><\/p>\n<h2>The Rise of Yield Farming in DeFi<\/h2>\n<p>To note is that the popularity of DeFi has exploded with <a href=\"https:\/\/en.ethereumworldnews.com\/compound-comp-dominates-in-defi-edging-out-maker-mkr-from-the-top\/\" target=\"_blank\" rel=\"noopener noreferrer\">the entry of Compound Finance<\/a> less than a month ago.\u00a0 Furthermore, the COMP token experienced a meteoritic rise in the crypto markets upon listing. The digital asset rose in value from approximately $71 to its all-time high of $383 within a week of listing on Poloniex. COMP is currently valued at $171.<\/p>\n<p>The Compound Finance project has ushered in a new era of Yield Farming with several DeFi projects following in its footsteps.\u00a0Yield Farming is achieved when investors lock up their crypto on DeFi platforms and lend it out while earning interest on it.<\/p>\n<p>Each of these <a href=\"https:\/\/en.ethereumworldnews.com\/defi-is-revolutionary-weve-only-seen-the-tip-of-the-iceberg-weiss\/\" target=\"_blank\" rel=\"noopener noreferrer\">DeFi platforms<\/a> has several lending pools and the investor moves his funds in whichever pool is offering the best interest rates. In a sense, Yield Farming can be compared to crop rotation where the farmer picks to plant the most profitable crop. On top of the interest earned, investors are rewarded with tokens for providing liquidity on the platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: The amount of Ethereum locked in DeFi continues to rise. Approximately 3.5 million ETH is locked in DeFi.\u00a0 Majority of the Ethereum is locked up in the DeFi apps of Maker and Compound Finance.\u00a0 Yield farming is the reason why more Ethereum keeps getting locked up in DeFi.\u00a0 The amount of Ethereum locked up in DeFi platforms has hit a new milestone of 3.5 Million ETH. This marks a new all-time high in terms of the amount of [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":562360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[823,108120],"tags":[108062,7092,1322,108063,7108,108096],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/562651"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=562651"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/562651\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/562360"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=562651"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=562651"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=562651"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}