Data shows that there are 2.7 million ETH locks in DeFi applications, a record high

According to data from DeFi Pulse, the total number of ETH locks in DeFi applications has now reached 2.7 million, a record high, BlockBeats said. But because of the market slump, the figure is about $405m in dollar terms, down from a previous high of 2.4m. Of the 2.7 million ETH, 74% (nearly 2 million) are locked on Maker platform, ranking first in ETH lock volume; Compound came in second with 317,000.Data shows that just 24 months ago, the total value of all locked up funds on ethereum DeFi applications was just a few million dollars. But now it is more than $400m, marking a significant increase in demand for such services. (Decrypt)

Silver block rhythm BlockBeats reminded, according to the circ and other five departments issued in August 2018 on the guard against in the name of the "virtual currency" "block chain" illegal fund-raising risk warning "file, please the public rationality block chain, don't blindly believe in reduction commitment, set up correct concept of money and investment philosophy, effectively raise the risk consciousness; To the illegal crime clue that discovers, can report to concerned branch actively reflect.

Text link:https://decrypt.co/11979/ethereum-locked-in-defi-apps-hits-all-time-high

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