In 2020, the explosive growth of DeFi (decentralized finance) completely changed the circulation pattern of ETH. With the rise of the concept of liquidity mining, a large amount of ETH has been locked in smart contracts, becoming the fuel for the DeFi ecosystem.
According to Coindesk statistics, as of July 29, 2020, the total amount of DeFi protocol lock up has reached $3.68 billion.
By May 2021, this number had risen exponentially – Galaxy analysis showed that the total amount of ETH locked in DeFi exceeded 31.2 million, accounting for about 26% of the total ETH supply at that time, and was worth as much as $57.4 billion at that time.
This DeFi wave not only reshapes the holding structure of ETH, but also drives a paradigm shift in the entire cryptocurrency financial system.
币安高返佣邀请码：F2222
HTX火币高返佣邀请码：888ee
GATE芝麻高返佣邀请码：FFFFTTTT
BINANCE Rebate invitation code:F2222
HTX Rebate invitation code:888ee
GATE Rebate invitation code:FFFFTTTT