A number of crypto assets related to decentralized financial protocols (DeFi / Decentralized Finance) have skyrocketed in value over the past three months, far outperforming the performance of the crypto-asset market in general.
At present, DeFi provides yields of around US $ 25 million per month to its users.
As a result, the crypto assets related to DeFi grew more than 800 percent in the last three months.
The most powerful DeFi Token is Aave (LEND), a money lending protocol that has shot 804 percent in three months. According to the DeFi Pulse data, Aave is the fourth largest DeFi protocol with a fund of US $ 150 million. This amount is the amount of funds borrowed and lent under the protocol.
Then there's Bancor (BNT), the top DeFi crypto asset after LEND. Bancor is an Ethereum-based protocol that bridges the exchange of non-custodial tokens. BNT tokens increased from US $ 0.191 to US $ 1.65 or grew 761 percent.
In third place is Ren (REN), which experienced a 286 percent surge in the previous quarter. Ren is an open protocol for transferring crypto assets between blockchain.
Given that REN is targeting interoperability in DeFi, this shows investors are aiming not only for DeFi tokens but also for other crypto assets related to the technical functions of the protocols.
In addition, there are 0x (ZRX) and Augur (REP), which soared respectively 169 percent and 102 percent. While MakerDAO (MKR) and ETH alone rose by 43 percent and 45 percent.
Nevertheless, DeFi which rose to prominence and provided large rewards were also accompanied by a position of leverage, which meant the lucrative sector had an even greater risk.
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