7% of the Circulating Supply of Ethereum is on DeFi, Worth $3 Billion
Decentralized finance (DeFi) is showing no signs of slowing down. Data from Defipulse shows 7% of the Ethereum (ETH) supply is now locked in DeFi protocols.
On Ethereum-based applications, users have to pay transaction fees to process payments or smart contracts. The fee to miners is called "gas," and when the network gets clogged due to overwhelming demand, gas costs surge.
