ETH is the backbone of decentralized financial infrastructure. What does this mean for the price of Ethereum?

On Saturday 15th February an “attacker” exploited a complex system of DeFi primitives to take roughly $360,000 in profit in a single Ethereum transaction. What does this say about decentralization?

Ethereum continues its move upwards with over $1 billion in value being leveraged in decentralized finance. The price of ETH also found itself making significant gains against BTC.

Ethereum has had a stellar week. The price of ETH in both USD and BTC terms increased significantly with the ETH/BTC market climbing back above 0.02. So far this year, ETH/USD has increased by nearly 50% and the total value locked in Decentralized Finance crossed $900 million for the first time.

Ethereum is now home to a savings account that pays 7.75% on what are effectively, US dollar deposits. Learn all about Dai and the DAI Savings Rate in this article.

As Decentralized Finance flourishes and targets $1 billion, it’s important to remind ourselves that DeFi is but a small subset of what is being created on Ethereum.

MakerDAO has increased the Dai Savings Rate twice since November 2019, with interest paid on holdings now resting at 6.00% p.a. Is there room for the rate to go higher and what implications does this have on the price of ETH?

As Ethereum grows in popularity for decentralized finance, this signal from Maker could be one of the industry’s most overlooked yet.

As the decade draws to a close, what can we expect from Ethereum moving into 2020?

Yet another week of mind-blowing development on Ethereum followed by further suppression of the ETH price. Something has got to give.