Is this a good thing for Ethereum and DeFi right now?

[cheezcarls]

Investments in Ethereum-based decentralized finance (DeFi), a much-vaunted sphere of digital assets, has been increasing at a staggering rate, up over 200% from the same time last year.

DeFi services include lending, decentralized exchanges, derivatives, payments, and assets. Considered an overall indicator of the health of the space, the $650 million locked up in DeFi accounts for 2% of the total Ethereum supply.

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All I can say that this is a good sign for Ethereum, especially those who are holding some or using it in various use cases. Whatever that is, Ethereum is on a great move especially in DeFi.

The stats itself (over $600 million worth of Ethereum) is absolutely enormous and mind-blowing. It simply means that it’s a good investment, provided that it is up by 200%.

For those who have taken part in this one, I would like to say that you have made a great decision. It’s not all about the price though, but how it was massively used and locked in DeFi.

Hope the future remains bright for both Ethereum and DeFi.

[Kemarit]

As I have posted a successful Defi project , here, it seems to be this could be the next trend in the coming months. So I guess this will be a good in the long run specially once we bounce back from the current market conditions. So definitely it's good to keep an eye on Defi project and I would say that it could have a positive effect on Ethereum, specially use case that can really affect the financial markets.

[pakhitheboss]

I always felt that Ethereum is the only altcoin that can try and compete for the first position on CMC. It might replace Bitcoin in the future if such projects are a success.

Ethereum will is now slowly becoming a blockchain for the corporates. If Ethereum POS starts next year then this is the Alt that everyone should invest.

[Drahzar]

sure it's nice time to enter defi market. Besides, in the early beginning i didn't like defi projects, but now i see a lot of worthy concepts - for example, defi exchanges looks like longlasting trend 

[Wenbing]

Investments in Ethereum-based decentralized finance (DeFi), a much-vaunted sphere of digital assets, has been increasing at a staggering rate, up over 200% from the same time last year.

DeFi services include lending, decentralized exchanges, derivatives, payments, and assets. Considered an overall indicator of the health of the space, the $650 million locked up in DeFi accounts for 2% of the total Ethereum supply.

Click here to find out more

All I can say that this is a good sign for Ethereum, especially those who are holding some or using it in various use cases. Whatever that is, Ethereum is on a great move especially in DeFi.

The stats itself (over $600 million worth of Ethereum) is absolutely enormous and mind-blowing. It simply means that it’s a good investment, provided that it is up by 200%.

For those who have taken part in this one, I would like to say that you have made a great decision. It’s not all about the price though, but how it was massively used and locked in DeFi.

Hope the future remains bright for both Ethereum and DeFi.

I have believed in the smart contract innovation of Etherum, that's what gives it a competitive advantage in this space.

Introducing that to Defi is a great move, and both will likely be better off.

[Indiana1990]

sure it's nice time to enter defi market. Besides, in the early beginning i didn't like defi projects, but now i see a lot of worthy concepts - for example, defi exchanges looks like longlasting trend 

i think this situation was caused by some hype-effect of early-stage defi. what defi exchange project do you consider as observable?

[retalids]

sure it's nice time to enter defi market. Besides, in the early beginning i didn't like defi projects, but now i see a lot of worthy concepts - for example, defi exchanges looks like longlasting trend 

i think this situation was caused by some hype-effect of early-stage defi. what defi exchange project do you consider as observable?

a lot of... as for now, xsigma (curve based stablecoin exchange) looks credible, it's backed by a public company and has nice tokenomy

[Dariusburst]

DeFi hype is already dieing down but Ethereum is benefiting because of its upgrade that's coming in December. Only bitcoin is benefiting more due to the halving of block reward that occurred earlier this year reducing the supply coming into the market.

To me Ethereum is the most underated altcoin for unknown reasons, I expected eth to be over 1000$ because it's better than many top 10 altcoins, some are saying that the lack of max supply is what's affecting ethereum, there is never going to be scarcity for eth like Bitcoin but now I think max supply is coming to eth through its next 2.0 upgrade

[Engine-IT]

  this pump was too sharp anyway so might be good to have such a break to buy more