Document Analysis NLP IA
FREQ, RAKE or TFIDF
Summary (IA Generated)
A paper published by the Federal Reserve Bank of St Louis has delved into the expansion of decentralized finance and Ethereum’s role in it.
5 million ETH, or 9% of the entire supply, is locked up according to Defipulse.
“The spectacular growth of these assets alongside some truly innovative protocols suggests that DeFi may become relevant in a much broader context and has sparked interest among policymakers, researchers, and financial institutions.
According to the ConsenSys Q1 DeFi report, the number of Ethereum addresses interacting with DeFi protocols is at an all-time high of 1.
The research adds to the bullish momentum for Ethereum which has seen it outperform Bitcoin this year and propel the asset to an all-time high of just over ,500 on May 4.