$424M in ETH is Locked in DeFi Platforms, Can Tron (TRX) Catch Up?

In summary:

  • Decentralized Finance (DeFi) has blossomed in the last year as more projects utilize the Ethereum blockchain due to its smart-contract capabilities. 
  • Currently, there is over 2.7 Million ETH locked up in DeFi DApps.
  • Maker DAO transactions take up 49.36% of the ETH locked up in DeFi platforms.
  • Can Tron (TRX) exceed this with Just (JST)?

Decentralized Finance has been hailed as the best way of managing ‘money’ away from traditional banks and into the hands of DAOs (Decentralized Autonomous Organizations). The Ethereum (ETH) platform is thus the choice platform for many DeFi projects due to its popularity and smart contract capabilities.


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