2021-02-08 16:29:18
DeFi Summary / Week 5 2020
The Total Locked Value (TVL) in the ecosystem has gone parabolic this week, rising roughly $ 7 billion, from $ 27.65 to $ 35 billion in recent days!
We previously predicted that by the end of 2021 we will see $ 100 billion worth of TVL for DeFi. But that forecast was made at the beginning of the year, and growth has accelerated significantly since then. Given the current pace of development, it is quite possible that in the spring or summer we will reach $ 100 billion!
And it's not just that the use of these decentralized protocols is thriving. It is also becoming increasingly apparent that DeFi tokens are simply far more useful and involve much more organic activity than existing non-DeFi ghost chain assets such as Cardano, EOS and others in the cryptoeconomy.
That's why it was so exciting this week to see the tokens of DeFi blue-chip projects like Uniswap and Aave finally emerge from the top 10 cryptocurrencies by market cap (AAVE is now 14th, UNI 15th).
We expect that most of the Top 10 cryptocurrencies are likely to be DeFi tokens by the end of the year. And that shift could happen sooner thanks to DeFi!
As you can imagine, we have seen big shifts lately among the top DeFi tokens. Among the most profitable assets for the week are UMA (+ 170%), AKRO (+ 125%), CREAM (+ 60%) and COMP (+ 60%).
P / S we are in the midst of the 4th BullRun. This means that at some point it is important to take profit, otherwise, these are just numbers on the screen!
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