Ethereum’s DeFi Madness – $ 21 Billion, a War Chest that just keeps getting bigger! – Inspired Traveler

A good start to the year for DeFi – We have become too accustomed to seeing Bitcoin being on the front page of crypto news for a long time. DeFi is not left out, however. Eh yes ! After a crazy year 2020, she has just broken a new record.

$ 21 billion, just that!

It’s been almost a month since the bull run has started, with the passage of the previous Bitcoin ATH on December 16.

Much of the altcoins have since followed the trend and obviously DeFi has not been left behind. Indeed, projects such as Aave, Loopring or Uniswap have seen the their token price increase.

Having emerged in 2019, we had to wait until 2020 to see the DeFi ecosystem explode. The enthusiasm was general, both on the side of the projects that have multiplied, and the funds involved.

In parallel, the total value involved in DeFi has just beaten a new record by reaching the $ 21.9 billion. This is equivalent to a 3,500% increase over the past year.

Total value involved in DeFi – Source: DeFi Pulse

However, it should be noted that this increase is mainly due to the rise in prices. Indeed, when we look at the funds involved in ETH or BTC, the latter have tended to decline.