3 Key Reasons The DeFi Sector Is Booming Again By Cointelegraph

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3 Key Reasons The DeFi Sector Is Booming Again

Messari data shows that over the past 30 days, most of the tokens listed in the site’s DeFi Assets index have recovered by more than 20%. Some standouts like Maker’s MKR, Synthetic Network Token (SNX), and SUSHI from SushiSwap earned more than 100% during the same time period. DeFi asset index. Source: Messari.io From January 1 to January 9, the decentralized financial sector saw its total locked value (TVL) increase from $ 15.678 billion to a record of $ 23.092 billion, and this recovery to a new record Historic came about four months after the DeFi bull market came to an abrupt end. The total value locked in DeFi. Source: Defipulse.com DEX daily volume. Source: DuneAnalytics.com Continue reading on Coin Telegraph

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