Users are trusting record amounts of value in decentralized finance platforms. According to DeFi Pulse, there’s now a record 2.4 million ether locked in DeFi, surpassing the previous high of 2.3 million in April.
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Ethereum DeFi sets record as Bitcoin rallies 30%
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He went on to point out that MakerDAO’s DAI stablecoin has seen increasing use in money protocols, with 26% of the stablecoin’s supply being locked in said money protocols. Explaining the significance of this statistic, Adams wrote: “This is good for ETH since DAI demand is ETH demand.”
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