ETH is progressively making its way up and is achieving new ETH, which is also reflected in the DeFi market.
Yesterday after we published an article entitled “In 2020, investors earned more with ETH than with BTC” it did not take long and Ethereum showed again that there is a special interest in it in the form of a new ATH.
Ethereum reached today’s high of $ 1,466 (CMC) just under two hours after the start of the day, at 1:54 AM.
Ethereum has great potential to confirm its reputation as a more performance cryptocurrency asset such as Bitcoin this year as well.
Recall that the second largest cryptocurrency by market capitalization overtook all popular assets last year when managed to increase in value by up to 487%. Compared to Bitcoin, which reported 321%, therefore, investors who bet on Ethereum valued their investment even more, namely by + 166%.
However, we cannot forget the DeFi market either, because as you know, we currently have 218 DeFi projects listed and 206 of them are built on Ethereum. This fact therefore causes the DeFi market to be almost directly correlated with the rising price of ETH.
Today, the total value locked in DeFi exceeded $ 26B for the first time in history.
Read also: In 2020, investors earned more with ETH than with BTC
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