Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => DeFi tokens => Topic started by: crypto1010 on March 03, 2020, 01:37:06 PM

Title: Capital Flow After BZX Exploits
Post by: crypto1010 on March 03, 2020, 01:37:06 PM
(https://preview.redd.it/t6gqprxkbgk41.jpg?width=1280&format=pjpg&auto=webp&s=be35e20c255a0654c6e28a1df52b06e678c5c145)

Only 2 weeks ago, DeFi was growing at a phenomenal pace, with locked value blazing past the $1B milestone and reaching an ATH of $1.2B.

After the bZx exploits, however, the value locked in DeFi plummeted below the coveted $1B mark; the 22.1% crash landed the segment at $926.7M. The locked value is significantly lower in all but 2 of the top 10 DeFi apps. This has helped the two outliers, Aave and Compound, significantly extend their market share in the DeFi pie.