Ethereum Decentralized Applications Nearing Half a Billion Worth of ETH Locked in dApps

Around 2.5 million ETH (approximately $400 million) is locked in decentralized applications. The dominant dApp is MakerDAO DAI smart contract, as it has around 2.2 million ETH. The second runner-up is Ethereum Name Service (ENS). In June 2017, it had about half a billion ETH. Right now, it is around $2 million, which means that individuals can create a ETH address using trust nodes.

The third strongest performer is Compound, a dApp that permits users to borrow and gain interest through lending ETH and other tokens. Compound has around 40,000 ETH and its overall assets are $27.5 million. Behind Compound is Uniswap, whose usage is growing. It as about 30,000 ETH as well. Following is Kyber.

Dai launched at the start of 2018 and people are waiting to see how the system performs. There is also a protocol level taking place concerning proof of stake testnet, which according to Vitalik Buterin, will provide an interest rate of 2% to 6%.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide