Big changes are happening in the world of cryptocurrency! Imagine cryptocurrency as digital money, and DeFi is like a digital bank where you can lend and borrow this digital money. Recently, the total value of this digital money in DeFi banks has gone down. This happened even after Bitcoin reached a super high price.
- Bitcoin went way up in price, but other cryptocurrencies, like Ethereum, didn’t.
- Lots of Ethereum was moved off of exchanges, which might mean people are holding onto it.
- A new upgrade for Ethereum, called Pectra, had some problems, but it's designed to make things faster and cheaper.
| Fact | Number |
|---|---|
| Highest DeFi value (in billions of dollars) | $138 |
| DeFi value now (in billions of dollars) | $92.6 |
| Ethereum's price drop (in dollars) | $2,100 |
| Ethereum moved off exchanges (in billions of dollars) | $1.8 |
