Value of Ether (ETH) Locked in DeFi on Course to Pass $1 Billion Soon

Value of Ether (ETH) Locked in DeFi on Course to Pass $1 Billion Soon

Ether is the “gas” and currency of the Ethereum network. As a testament to the growing use of that network, the USD value of ether locked up in Ethereum-powered decentralized finance applications, or DeFi dApps, crossed an all-time high of $700 million on November 29th. That milestone has many Ethereum proponents guessing: when $1 billion?