DeFi Grew By $1 Billion TVL Within The Past 2 Weeks

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3 years ago
In community: Cryptocurrency and Blockchain(7b7f)

Over the past couple of weeks, over $1 billion flowed into DeFi applications.

This brings the total value locked (TVL) in these Dapps to a whopping $3 billion. It took 2.5 years to reach the $1 billion TVL mark.

The current surge in growth can be attributed to Compound when it started to distribute its COMP governance token on June 15, which shot up in price soon after. 

Since then, a slew of new DeFi applications have emerged, most of which allow yield farming.

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Comments

It's really a great news.

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User's avatar Saha99saha
3 years ago

I agree but beware there will most likely be a pullback or correction.

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User's avatar blokblog
3 years ago

Okay. I will follow your advice. 😌

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User's avatar Saha99saha
3 years ago

Hmmm imnot sure if such a big and fast growth is good thing. I am starting think that can be another bubble

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User's avatar Otek
3 years ago

Definitely a draw back anyway

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User's avatar blokblog
3 years ago
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