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Amount Of Ether Locked In DeFi Slows While Wrapped Bitcoin Is On The Rise

Emily Mason

Summary: The amount of Ether locked in DeFi has slowed over recent weeks, data from DeFi Pulse shows. At the time of writing ETH is trading hands at $360 and is down 1.85%. Since September 18, the amount of Ether locked in DeFi has averaged around $8.26 million. The consistent amount of Ether locked marks a ...

The amount of Ether locked in DeFi has slowed over recent weeks, data from DeFi Pulse shows.

At the time of writing ETH is trading hands at $360 and is down 1.85%. Since September 18, the amount of Ether locked in DeFi has averaged around $8.26 million. The consistent amount of Ether locked marks a reversal after a summer which massive investment in the DeFi space.

Meanwhile, Bitcoin locked in DeFi has been on a steady rise closing today at 150,000 BTC. Wrapped Bitcoin allows users to use their Bitcoin holdings for DeFi products. 

By Emily Mason

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