The evolution of Etherium into a fully decentralized financial ecosystem is constantly progressing.
Emissions of stable coins in the network have risen and almost 50% of its total value is already in ERC-20 tokens.
Messari crypto researcher Ryan Watkins has noticed that ERC-20 tokens approach 50% of the total value stored in Ethereum .
In the last two years, there has been a complete transformation in how value is stored and transferred to the Ethereum blockchain.
The total value of all tokens in the network is close to that of Etherium itself, he added.
This is a bullish signal for Ethereum, as it represents an increase in the transfer of value in the network. Watkins went on to say that Ethereum is set to provide more than $ 530 billion in transactions this year, largely due to the growth of stable coins.
Etherium’s status as the basis for decentralized finance markets (DeFi) also strengthens its position as a core stock of value. According to Defipulse.com, the total amount of ETH locked in DeFi is currently 2.7 million, or about 2.4% of the total supply.
As previously reported, Ethereum’s network performance is constantly improving and it is probably only a matter of time before this affects the price of the asset.