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❕NEWS There is more ETH in DeFi than exchanges

AudraMiller

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The number of coins that are on exchanges is very high and we can see this simply in the trading volume that goes through an exchange at any given point. However, recent reports have shown that this volume is still not as high as that which is locked in in DeFi.The amount of ethereum that is locked in for these Defi contracts is actually said to be double that on exchanges, showing that there are many people that are looking to the coin for a long term investment rather than a short term one. Share your thoughts on this developemnt below.
 
I am trying to understand your expression.Does it mean more people are holding ethereum to invest in upcoming DeFi project or what.
 
I am trying to understand your expression.Does it mean more people are holding ethereum to invest in upcoming DeFi project or what.
What i am saying is that there are already more ethereum in defi projects that are locked in those contracts than those which are in circulation on exchanges, which shows that more people are playing the long term game with this coin.
 
Yup
Many people come aboard and playing this one because the money looks good.
I don't know what happen next but ussually, more crowded then less profit can be made. And when the price suffer great lost.. Booom.
Many will lose their money...
 
Yup
Many people come aboard and playing this one because the money looks good.
I don't know what happen next but ussually, more crowded then less profit can be made. And when the price suffer great lost.. Booom.
Many will lose their money...
The more crowded a coin becomes generally this equates to more profit because that would mean an increased demand in the coin which would subsequently equate to even more price hikes. Would that not be the case?
 
Well lots and lots of projects are working on the etehreum blockchain smart contracts, this is one the the major reasons for ethereums rise as it can make anyone do projects with smart contracts in the chain
 
Well lots and lots of projects are working on the etehreum blockchain smart contracts, this is one the the major reasons for ethereums rise as it can make anyone do projects with smart contracts in the chain
This is true. there was a recent robo coin that was released on the yobit exchange that is also on the Ethereum network now. I do get confused with contracts though because i do not know which is a smart contract and which is not.
 
Its clear that peoples are leaning toward DEFI for its transparency and controlling over own crypto. MAny dapps have more TVL than small exchanges. And it's increasing.
 
I agree with you guys , ethereum blockchain is still leading when it comes to DeFi projects, probably it is the reason why the value keeps increasing
 
I agree with you guys , ethereum blockchain is still leading when it comes to DeFi projects, probably it is the reason why the value keeps increasing
I think that the value of ethereum is increasing partly because of the defi project, but also because of the developments to it, such as eth 2.0. This shows continuous improvement in the coin which will encourage people to invest.
 
I think that the value of ethereum is increasing partly because of the defi project, but also because of the developments to it, such as eth 2.0. This shows continuous improvement in the coin which will encourage people to invest.
They said that the transition of ethereum 2.0 would be complete at the end of this year, Probably we will see some big movements after the transition is completed
 
They said that the transition of ethereum 2.0 would be complete at the end of this year, Probably we will see some big movements after the transition is completed
Do you know of any of the other or newer features that are still to be implemented in ethereum? there was talk of there being a reduction to the transaction fees but i am not sure if that will release by the end of this year.
 
Do you know of any of the other or newer features that are still to be implemented in ethereum? there was talk of there being a reduction to the transaction fees but i am not sure if that will release by the end of this year.
Yeah, Along with the upgrade, the Ethereum network would change from proof-of-work to proof-of-stake consensus, and the devs also said during the initial announcement that this upgrade would really decrease the transaction fees in the network
 
Are they actually gaining interest and profit locking their coin on that defi platform , but many people are holding their ethereum because they know believe more in the price
 
Long term investinng in any currency is better it produces teal profit to be honest and one can reliey on 3-4 years for profits
This is a very long period of time, however given the right choice of coin it can result in major profits especially considering the halving period. is this why you chose this period of time, as it is the time between halving events?
 

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