{"id":55185,"date":"2020-04-14T11:08:11","date_gmt":"2020-04-14T10:08:11","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=55185"},"modified":"2020-04-14T11:08:11","modified_gmt":"2020-04-14T10:08:11","slug":"424m-in-eth-is-locked-in-defi-platforms-can-tron-trx-catch-up","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/424m-in-eth-is-locked-in-defi-platforms-can-tron-trx-catch-up\/","title":{"rendered":"$424M in ETH is Locked in DeFi Platforms, Can Tron (TRX) Catch Up?"},"content":{"rendered":"
In summary:<\/strong><\/p>\n Decentralized Finance has been hailed as the best way of managing ‘money’ away from traditional banks and into the hands of DAOs (Decentralized Autonomous Organizations). The Ethereum (ETH) platform is thus the choice platform for many DeFi projects due to its popularity and smart contract capabilities.<\/p>\n As a result of using the Ethereum network, ETH becomes the automatic choice when users put down collateral on these DeFi platforms. The team at DeFi Pulse<\/a> has in turn, continually tracked the assets being utilized on DeFi. At the time of writing this 2.703 Million ETH is currently in use on these platforms with Maker DAO (MKR) transactions and activities making up 49.36% of this amount. Using the current rate of ETH at $157, the USD equivalent of the Ethereum coins locked up in all DeFi applications is $424.37 Million. Of this amount, $209.46 Million in Ethereum is being utilized on Maker’s platform.<\/p>\n\n
2.7 Million Ethereum (ETH) Locked in DeFi Platforms<\/h2>\n