More and more people are tweeting about the amount of ETH locked in with DeFi, which has been rising recently.
Besides, the ETH-based dApps are also increasing their volume, even though Tron seems to remain a more popular platform for dApps so far.
“Price will follow, I'm accumulating AF.”
Crypto trader and analyst @IamCryptoWolf has shared some data regarding the amount of ETH locked in with DeFi recently and says that it is ‘going parabolic’. He believes the ETH price is bound to surge later this year, although in the comment thread some of his followers disagree that the term ‘parabolic’ is the right one to use here.
As U.Today reported recently, the amount of ETH locked in DeFi now is over 3 mln (that is over $416 mln).
The ETH-based game sees +220% volume increase
Dapp Radar reports that the Mega Crypto Polis game that runs on the Ethereum blockchain has added 220% volume over the last 24 hours. Now, the amount of funds passing through it totals $7,693.
Currently, 3 of the top 10 Dapp Radar applications are based on Ethereum and they are in the top four. The rest run on EOS and the largest amount is powered by Tron.
An ETH fan @staking_gwei has also posted some charts that show the performance of Ethereum over the past two years of the bear market. The person hopes that when the bull runs for Ether starts, the price will go to the moon.
The ATH Ether has reached so far was $1,361 in January 2018. At press time, the coin is trading at $139 – about ten times lower.