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$45B DeFi market cap and soaring TVL suggest the best is yet to come

Published 01/25/2021, 03:48 PM
Updated 01/25/2021, 05:20 PM
$45B DeFi market cap and soaring TVL suggest the best is yet to come

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 Messari 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. Source: Messari
Total market cap of all DeFi tokens. Source: CoinGecko
Total value locked in DeFi. Source: DeFi Pulse

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