The DeFi market is growing along with Ethereum, which reached $ 1K today

The DeFi market is growing along with Ethereum, which reached $ 1K today

Today is marked by DeFi when the total value locked exceeded $ 17B and ETH reached $ 1K.


4 Jan 2021 , 20:10 @ Thomas Alford

The DeFi market is growing along with Ethereum, which reached $ 1K today

Today is marked by DeFi when the total value locked exceeded $ 17B and ETH reached $ 1K.

The decentralized finance market is facing today pressure from investors, which have increased the total value locked in DeFi to almost $ 18B.

On the chart from Defi Pulse we can see that just a short time ago TVl in DeFi reached $ 17,42B and it will most likely continue to rise.

As you know, out of a total of 211 DeFi projects, 199 are built on Ethereum, so it’s more than clear that DeFi’s growth is directly linked to ETH, which today reached $ 1,152.

Ethereum reached this value last on January 30, 2018, and it looks set to try soon to beat the previous ATH at $ 1,426 measured on January 13, 2018.

Read also: Exactly ten years ago, BTC was worth $ 0.29

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    Thomas Alford

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