Bitcoin's incredible performance in the past few weeks may have resulted in all spotlights being focused on the largest cryptocurrency, and for a good reason. Bitcoin
has increased 120% year-to-date and has broken through the $16.000 resistance at the moment of writing. But don't be mistaken, DeFi is also still booming.
As a matter of fact, according to website DeFi Pulse
, the total value locked in Decentralized Finance (DeFi
) protocols has reached a record today. An estimated $13.5 or €11.4 billion in cryptocurrencies are currently locked. For reference, only three months ago, the locked value was around $6 billion. More than a 100% increase within three months is an incredible performance.
Uniswap taking the lead
The most extensive protocol in terms of locked value currently is dex Uniswap
with $3 billion, coming in second is lending platform Maker
with around $2.3 billion in locked value.