On 6 February 2020, the total value locked into Ethereum’s decentralized finance apps crossed $1 billion for the first time. This marked a major milestone for Ethereum, as the blockchain is still shy of 5 years old. So, the billion dollar milestone has been hit for Ethereum’s DeFi – what’s next? Ethereum is evolving The fact that Ethereum now supports more than $1 billion worth of DeFi (decentralised finance) activity shows that the blockchain, although young, is evolving and producing truly innovative products. Things have come a seriously long way for the blockchain, and the process is still ongoing.
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