As developers built up its ecosystem, the price of Zilliqa (ZIL) increased throughout August. A fast increasing ecosystem that is attracting new participants, as well as the launch of nonfungible token (NFT) projects on the network and its expanding DeFi ecosystem , are three reasons for the positive trend seen in ZIL. According to the most recent quarterly report, DeFi has 14 percent of "tradable" ZIL locked up in its vault, leaving only 12.8% available for trading.