DeFI TVL value rises to $55B

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So it has been confirmed that The actual total value which has been locked into the DeFi market has been able to actually skyrocket this month, and it was able to actually reach an all-time high which was up to $54.75 billion on 11th of this month....

There is a DeFi market data tracker which is named "DeFi Llama" and it actually shows that the Defi TVL was able to rise to new ATHs of up to over $54 billion and this is happening because of the rallying market.....

Currently the MakerDAO can be considered to actually be the market's kind of most dominant protocol,and it actually have over $6.3 billion which is actually locked in;...the Aave also follows with up to $5.94 billion also locked in too....

The defi market has almost triple in TVL since the beginning of this year when the value was at $20 billion....

And it is confirmed that some further growth will possibly occur as some firms "Grayscale " have actually begin to offer some DeFi assets in many of its products.....

But actually in all likeliness, the TVL is kind of probably higher --and some platforms like the DeFiPulse do not really have a way to always accurately reflect the market activity and also they do sometimes omits the major protocols.....

The future of defi seems to look bright and it will be interesting to study it and have been interest in it ...

@taskmaster4450 you might want to share your opinion about the defi.......

Posted Using LeoFinance Beta



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