$45B DeFi market cap and soaring TVL suggest the best is yet to come
The decentralized finance market cap reached $45 billion as the total value locked in DeFi continues to rise to new highs. The decentralized finance sector continues to charge full steam ahead as multiple tokens notch new all-time highs and the total value locked in DeFi protocols grows with the passing of each week.Data from Messario shows projects like AAVE, Uniswap (UNI), SushiSwap (SUSHI) and Synthetix (SNX) have all rallied by double-digits, creating a positive feedback loop as more users engage with the protocols to yield farm and capitalize on flash loans. DeFi asset performance.....
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Bitcoin, Ethereum, and other major crypto assets all plummeted over the last several hours, but few have dropped as hard as top DeFi tokens, YFI, LEND, and UNI. Why have these once soaring altcoins plunged so hard and is there more downside ahead? Yearn-Ing For The DeFi Trend To Continue After 20% Pullback For a […]
The decentralized finance (DeFi) market continues to grow and attract investors’ attention. We suggest you learn what this is, and how you can use it to make money in 2021. What is DeFi and why is it necessary? The whole idea behind the decentralized financial market is clear from its name – it is based […]
Soaring token values, a steady inflow of new users and a TVL approaching all-time highs are all signs that the DeFi sector is heating up. Decentralized finance (DeFi) has been a big part of the explosive growth seen across the cryptocurrency ecosystem in 2021 as decentralized exchanges like Uniswap and SushiSwap and lending protocols like Aave and Compound have added a new dimension of token utility. Data from Messari’s DeFi Asset index shows that over the past 30 days, a majority of the top 10 DeFi tokens gained more than 20%, with the top gainer Terra (LUNA) seeing its price increase....
Soaring to new heights every few weeks, there seemed no stopping cryptocurrencies from their current wave. DeFi opened up new avenues of financial products not though possible, NFTs giving artists and musicians a whole new way to monetize their work and the institutional interest has heralded a new chapter in crypto adoption. The euphoria saw […]
Mergers between sector leaders, rising TVL, and traders looking for fast returns are the primary factors behind the current DeFi boom. Data from Messari shows that over the past 30 days, the majority of tokens listed on the site’s DeFi Assets index have rallied by more than 20%. A few standouts such as Maker's MKR, Synthetic Network Token (SNX) and SushiSwap's SUSHI gained more than 100% during the same time frame. DeFi assets index. Source: Messari.ioFrom Jan. 1 to Jan. 9, the decentralized finance sector saw its total value locked (TVL) rise from $15.678 billion to a record-high $23.092....