Jan 25th 2021
Steamy hot winter in DeFi
Defi has been on fire lately. The total value locked in DeFi has increased by 75% so far in January, the monthly DEX volume has already shattered its former ATH, and the token valuations are surging.
Source: Tradingview, FTX
The total value locked in DeFi currently sits at $26.3b and keeps increasing rapidly. This number is up 75% from January 1st when the total value locked was $15b.
The rise of value locked into DeFi has been accompanied by surging valuations of the DeFi projects, with the combined DeFi market cap being $45b, far above the September 1st peak of $21.5b.