Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Pagla on January 01, 2022, 06:06:59 AM
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Decentralized finance saw its biggest year to date in terms of user growth and adoption in 2021. However, most DeFi blue-chip tokens are down over 50% in dollar terms from the all-time highs they made this year.
DeFi Blue Chips Lazed in Price Despite Strong Fundamentals
While 2021 was undoubtedly a great year to hold crypto, looking back, it seems that most investors would’ve been better off holding the two biggest cryptocurrencies than most of DeFi’s blue chips.
According to data from DeFi Llama, this year began with approximately $20 billion in total value locked across decentralized finance protocols; now, at the end of the year, that number is $250 billion. However, despite the impressive growth in usage and adoption, most DeFi blue-chip protocols lagged behind Ethereum and other Layer 1s in price action.
More Information (https://cryptonews.net/en/news/defi/2961421/)