The founder of Polkadot (DOT) has announced a $774 million development fund for DeFi

Gavin Wood promised $774 million available to be spent on creative ideas following the DOT rally last week, which was fueled by the revelation of Polkadot(DOT) highly anticipated para chain auctions. Wood posted on Twitter, encouraging DOT holders to submit ideas for expanding the network’s reach.

If Ethereum manages to break through this barrier, it might experience a significant increase



In terms of the US Dollar, Ethereum(ETH) was maintained above the $3,650 level. To go higher in the short term, ETH must break over the $3,850 and $3,900 resistance levels. Ethereum has begun a new uptrend over the $3,700 and $3,750 resistance levels. The price is presently trading over $3,800 as well as the 100 hourly simple moving average.