The recognition and adoption of the DeFi industry is increasing day by day. Fantom TVL, one of the DeFi projects, reached $7 billion with an increase of 140%, and AnySwap (ANY) reached $ 205 million with a growth of 114%. Numerous projects affiliated with the DeFi industry have seen rapid growth recently, with the industry’s total locked-in value reaching a new ATH of $210 billion.
Altcoin projects in the DeFi market continue to grow
Crypto analyst Arman Shirinyan notes that the top contributors to TVL remain Curve Finance, Aave (AAVE) and MakerDAO, with a combined $43 billion in locked value. At press time, the industry’s TVL stands at $210 billion today, a negative 4% change.
The analyst says that the main reason for the industry growth is most likely due to general inflows of funds into the cryptocurrency market. The ATH in TVL for the DeFi industry was previously reached in May when Bitcoin (BTC) sales began.
The aggregate value locked in DeFi, which sometimes outperforms the Bitcoin and altcoin market, has seen significant growth since July. Passive income solutions offered by many DeFi platforms are gaining popularity in the industry. As adoption has increased, users are starting to make more transactions in stablecoins by collateral.
Although Ethereum (ETH) is plagued with high fees and constant network congestion, it remains the most popular blockchain in the industry, with many projects still working on it. cryptocoin.com Earlier, as readers will remember, Soros fund manager voiced his thoughts on the cryptocurrency industry and shared that the fund is researching the DeFi industry and this could indicate the fund’s intention to invest in the industry in the future.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. Therefore, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.