The DeFi market exploded in 2021

The DeFi market exploded in 2021

In 2021, there is an extremely high interest in decentralized finance such as digital assets, financial smart contracts, protocols, and DApps.


10 Jan 2021 , 13:49 @ Matey Salt

The DeFi market exploded in 2021

In 2021, there is an extremely high interest in decentralized finance such as digital assets, financial smart contracts, protocols, and DApps.

The year 2021 is so far extremely successful for the DeFi market. Only 10 days have passed since the beginning of the year and the DeFi market has already managed to increase its value by 50% during this period.

If we look at the graph, we can see that the turning point was on January 1st 2021. From that moment on, the curve on the TVL graph changed from quite calm to exponential.

On January 1st, the total value locked in DeFi was $ 15.36B, today on January 10th, TVL is $ 23.09B (at the time of writing) and it looks like it will continue to grow.

As for the TOP 3 DeFi protocols, Maker comes in first in the lending category with a locked value of $ 4.45B (at the time of writing) and 19.37% dominance. Second place belongs to Aave, also in the lending category with a locked value of $ 2.92B (at the time of writing). Third place went to Uniswap in the DeXes category with a locked value of $ 2.83B (at the time of writing).

Read also: Bithumb has agreed to sell a 65% stake for nearly $ 500 million

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    Matey Salt

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