2021-02-02 23:43:27
DeFi Results / 4 Week 2021
After last week for the first time, Total Locked Value (TVL) reached $ 25 billion, the current figure hovers at a new all-time high of $ 27.65 billion. The next target is $ 30,000,000,000!
Indeed, every week it seems that the activity and optimism around the DeFi sector is heading into space. The sustained growth trend looks set to continue as DeFi caught mainstream attention this week thanks to the failure of $ GME Robinhood.
In short, retail investors from the Reddit forum r / wallstreetbets were madly buying up GameStop shares, which put hedge funds shorting $ GME under serious pressure. The ensuing drama saw the popular main trading app Robinhood shut down and thereafter restricted trading in $ GME and other stocks (and even cryptocurrency at some point!) To deal with the chaos.
Many have taken this situation as support for hedge funds and as an example of how traditional financial forces work together against ordinary people. Many WSB members were furious.
DeFi is everything Robinhood is not: no permissions, no borders, no trust, 24/7 and no KYC required. Of course, a massive migration to the mainstream won't happen in just one week, but the tumultuous events of the past week suggest that space time for DeFi has officially arrived.
We have tycoons like Mark Cuban starting to explain DeFi to the masses, and new r / wallstreetbets players. This once again suggests that we are still at the very beginning, and that the revolution in the field of decentralized finance is just starting to gain momentum. But believe me: the revolution has begun and we see the dominoes of centralized finance falling every day.
Finally, the top performing DeFi tokens of the week include ALPHA (+ 165%), DODO (+ 149%), 1INCH (+ 139%), UNI (+ 100%) and AAVE (+ 68%).
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