25% of all ETH is locked in smart contracts
The percentage of Ether locked in decentralized finance smart contracts has reached an all-time high of 25%, around the same percentage as the last all-time high in 2016, except today that Ether is worth $63 Billion as opposed to $23 Million 5 years ago.
The narrative of Ethereum becoming the decentralized financial layer of the internet grows stronger as the amount of ETH in smart contracts rises to all-time highs, we’re keeping an eye on where that number goes from here as more than a quarter of Ethereum’s token supply is deposited into smart contracts.
On June 25, Ethereum will face its largest options expiry in 2021 as $1.5 billion worth of options contracts will be settled.
An “options expiry” is just the last date before an option expires. Before this date, its owners can choose to exercise the option, close the position to take the profit or loss, or let the contract expire worthless.
