The total value of capital locked in decentralized finance protocols has increased 271% less than a period of two months to surpass $7 billion for the first time ever recorded. According to DeFi pulse.

If the current rate of development continues, DeFi will be worth more than 27$ billion by the end of 2020.

Aave is currently the largest project of DeFi with about a whooping $1.51 billion locked, followed by MakerDAO with $1.42 billion, curve finance with 1.15$ billion and compound with the sum of $797 million.

Aave recently emerged as the top DeFi project after receiving an electronic money institution lincense from United kingdom financial concduct authorities, signaling the sector's increasing legitimacy.

However, while DeFi's aggressive growth path has been fueled by the recent rise of the lencing set of rules that have disrupted Makers long standing dominance over the space, just 6 protocols represent more than close to 90% of locked capital in the sector, according to DeFi pulse.

While numerous projects have quickly captured the imagination of the crypto community amid the 2020 DeFi bubble, few have been able to make a foundation to establish themselves as long term leaders within the sector.

Dramatic rise and fall.

The recent rise and fall of Yam finance offers a precaution illuminating the potential severity of contact risk,with more than $750,000 worth of crypto lost alongside the protocol collapse. DForce also suffered a multi-million dollar hack in April, however, the stolen funds were returned by the hacker and given back to investors. Good news!.

Industry leaders have warned of over-exuberant bullishness in the DeFi sector, with compound founder Robert Leshner recently tweeting.

Earlier this month, ETH co-creator Vitalik Buterin also wrote, "you do not have to partake in the latest DeFi thing, to be in ETH or any cryptocurrency. In fact,unless you understand what's going on, it's likely best to sit out or participate only in small amounts he concluded.

Despite a $13K+ price tag, YFI is one of the cheapest DeFi tokens by price-to-sales.

Well, unlike many of it's competitors, Yield finance does not have any significant expenses, most importantly turning it's price-to-sales ratio into price-to-earnings, or PE. It Should be noted that a current price of $13,300, YFI is worth more than BTC. 🙄🙄😕😕. Surprising right.

What's your take on DeFi and as to making BCH on top in relation to these methods. I think the price-to-earnings in BCH Should be stictly implemented too.