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.

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