Ethereum’s DeFi Madness – $ 21 Billion, a War Chest that just keeps getting bigger!

A good start to the year for DeFi – We have become too accustomed to seeing Bitcoin being in the headlines of crypto news for a long time. DeFi is not left out, however. Eh yes ! After a crazy year 2020, she has just broken a new record.

$ 21 billion, just that!

It’s been almost a month since the bull run started , with Bitcoin’s previous ATH passing on December 16 .

Much of the altcoins have since followed the trend and obviously Ethereum Code hasn’t been left behind. Indeed, projects, such as Aave, Loopring or even Uniswap, have seen the price of their token increase .

Having emerged in 2019, it was not until 2020 to see the DeFi ecosystem explode

The enthusiasm was general, both on the side of the projects that have multiplied, and the funds involved.

At the same time, the total value involved in DeFi has just broken a new record , reaching $ 21.9 billion . This equates to an increase of 3,500% over the past year.

However, it should be noted that this increase is mainly due to the rise in prices. Indeed, when we look at the funds involved in ETH or BTC, the latter have rather tended to decline.