Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Rain075 on May 05, 2021, 12:06:59 AM
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Before the summer of 2020, DeFi was hardly on anyone’s radar. This was understandable given its under-one-billion-dollar TVL at the time, which represents a market cap that even a meme coin could surpass in a matter of months. Since then, from May 2020 to May 2021, an entirely new financial infrastructure has been created, boasting spectacular growth at over 7,250%.source (https://cryptonews.net/608480/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
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Before the summer of 2020, DeFi was hardly on anyone’s radar. This was understandable given its under-one-billion-dollar TVL at the time, which represents a market cap that even a meme coin could surpass in a matter of months. Since then, from May 2020 to May 2021, an entirely new financial infrastructure has been created, boasting spectacular growth at over 7,250%.source (https://cryptonews.net/608480/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
The hype was one of the factors that contributed to its immense growth and thanks to the bitcoin welcome back from March brutal market sell off.
The total value locked is growing everyday because more and more coins are been stake and farm with crazy APY.
A project may want to yield her investor with an APY of 700% :o Who wouldn't want to locked his token for years for such an amazing profits. One may also experience growth on the token as well. These is why defi is growing without looking back.