Total Value Locked in DeFi increased by 128% since the beginning of the year

Total Value Locked in DeFi increased by 128% since the beginning of the year

The decentralized finance market is growing at an uncompromising pace in 2021.


7 Feb 2021 , 13:54 @ Matey Salt

Total Value Locked in DeFi increased by 128% since the beginning of the year

The decentralized finance market is growing at an uncompromising pace in 2021.

The year 2021 has not even started properly yet and we can already say that the signs are clearly in favor of DeFi.

Proof of this is the ever-increasing interest and influx of funds into this decentralized market, which has pushed the value of TVL for the first time in history above $ 35B.

If we look at the chart, we can see that despite small breaks, TVL in DeFi is consistently increasing this year, which confirms the increase from $ 15,461 B (January 1) to a measured maximum of $ 35,236 B (February 6). The total value locked in DeFi increased by 128% in just 37 days.

Currently, TVL is worth $ 33.89B, Maker holds first place with a dominance of 17.19%. Second place belongs to Aave, third place to Compound and all three are in the Lending category.

Read also: Ethereum dominance rises, Bitcoin dominance loses more than 10% during the month

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    Matey Salt

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