2021-02-22 11:00:10
DeFi Week Results
DeFi's Total Locked Value (TVL) hit a new all-time high of $ 39.91 billion last week, and since then TVL has grown ~ $ 3.72 billion to $ 43.63 billion, which means we continue to push our record forward with confidence.
Overall, Maker DAO was the first DeFi project to hit the $ 7.39 billion mark. Aave and Compound with TVL's $ 6.01 billion and $ 5.51 billion, respectively, are not far behind. The top 6 DeFi currently includes three major decentralized exchanges: Uniswap ($ 4.48 billion), Curve ($ 4.41 billion) and Sushiswap ($ 3.85 billion).
In terms of news, last week there were two main streams that received a lot of hype in the cryptoeconomics: BTC (+ $ 57k) and ETH (+ $ 2k), which reached new record highs, and the growth of Binance Smart Chain as the main competitor Ethereum.
Pricing news everywhere, on TV, podcasts, public pages and various information channels. More and more we see institutional and retail investors going into digital assets as DeFi is becoming more and more global and the media around it is having a very positive impact on Mass Adoption.
Binance Smart Chain is suddenly on the radar of the DeFi community. What happened? According to Binance CEO Changpeng Zhao (CZ), massive user churn has gone from Ethereum's extremely high fees to an ultra-fast blockchain with low BSC fees.
Finally, it was another week of good results for some DeFi tokens. The best gains in the week included DODO (+ 222%), BNT (+ 58%), REN (+ 42%), SFI (+ 42%) and COVER (+ 23%).
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