The total number of Ethers used in various decentralized finance protocols has risen to over 7.3 million
Contents
- 7,830,000 Ethers have been reserved in DeFi
- Yearn.Finance (YFI) and Rari Capital (RGT) are on fire
After the massive decline in TVL, the decentralized financial system has recovered to monitor some amazing metrics.
7,830,000 Ethers have been reserved in DeFi
The net number of Ethers held in various decentralized finance protocols has increased by 12% in the past 10 days. On September 15, 2021, this index reached its lowest level in two months at around 6.95 million Ethers.
As shown by DeFi Pulse, a major decentralized finance industry tracker, the total amount of Ethers across all protocols indexed on the networks is 7.8 million Ethers.
Aave Finance (AAVE), Compound Finance (COMP), Instadapp, Uniswap (UNI), and Curve Finance (CRV) are the most popular protocols in terms of TVL.
The top five DeFis account for approximately 6.9 million Ethers, or 85% of net TVL, tracked by DeFi Pulse.
Yearn.Finance (YFI) and Rari Capital (RGT) are on fire
In the last 24 hours, two DeFi protocols, Yearn.Finance (YFI) and Rari Capital (RGT), posted double-digit gains.
Meanwhile, the Ethereum 2.0 deposit contract is targeting roughly the same numbers. As of September 25, 2021, it has raised 7.77 million Ethers.
Amid the current Ethereum (ETH) price drop, this massive amount of value is worth $22.7 billion. To provide context, this amount can be compared to the market capitalization of Telenor, Credit Suisse, Suzuki and Warner Music Group.
