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Ethereum’s (ETH) Price and DeFi Fundamentals Don’t Match up

Ethereum’s (ETH) Price and DeFi Fundamentals Don’t Match up

Ethereum (ETH ) has had a tough year, topping out just over $300 in June before retracing back to around $175. While the altcoin has struggled, decentralized finance (DeFi ) has taken off. As pointed out by DTC Capital’s Spencer Noon, the comparison of Ethereum’s price and the total value locked in DeFi applications is staggering.

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