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Ether Dominance In DeFi Falls As Developers Turn To Other Blockchains

Emily Mason

Summary: The amount of Ether locked in DeFi has fallen from 9.2 million ETH on October 20 to 9 million ETH on October 21, according to DeFi Pulse.  Ether's share of the cryptocurrency market cap has also declined. After hitting a yearly high of 14% on September 1, ETH's dominance was down to 11% on October ...

The amount of Ether locked in DeFi has fallen from 9.2 million ETH on October 20 to 9 million ETH on October 21, according to DeFi Pulse. 

Ether's share of the cryptocurrency market cap has also declined. After hitting a yearly high of 14% on September 1, ETH's dominance was down to 11% on October 21.

The decline of Ether dominance may be coming as DeFi projects look to other blockchain solutions as network congestion on Ethereum makes operations untenable.

By Emily Mason    

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