Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: RSRS on July 13, 2021, 07:06:49 AM
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In the top DeFi news today, the adjusted total locked value (TVL) for decentralized finance (DeFi) applications soared to a one-month high as the top decentralized exchange, Uniswap (UNI) and AAVE, a crypto lending protocol, witnessed huge gains in the past week.
TVL of DeFi Apps Crosses $33.5 Billion
According to data from DApp Radar, the inflation-adjusted TVL of Decentralized Finance (DeFi) DApps crossed $33.55 billion on Monday, the highest it’s been since the Jun 1 DeFi wipeout in the market. Having set an all-time high 1-year adjusted TVL of $40 billion on Jun 1, value across DeFi platforms quickly dropped to nearly $29 billion as native governance tokens faced a bearish run and demand for DeFi products fell drastically.
The inflation-adjusted TVL is derived from calculating the total amount of locked cryptos multiplied by the value of the cryptos at a set date. A 1-year inflation-adjusted TVL means the current total number of crypto assets locked in DeFi multiplied by the locked price as of 365-days prior.
The 90-day inflation-adjusted TVL for DeFi is currently at its highest point – $131.61 billion – representing a staggering 178% growth in the past 90 days. The two largest Decentralized Finance (DeFi) protocols, Uniswap (UNI) and AAVE drove the growth in the past week despite their governance tokens plummeting over 50% from the all-time high prices set in May.
Sourch (https://cryptonews.net/en/news/defi/1047261/)