- The DeFi market has hit a total value locked (TVL) of $20 billion, a new all-time high.
- Leading the DeFi market is Maker with a $4 billion TVL.
- DeFi token prices may increase alongside mainstream cryptocurrencies like Bitcoin and Ethereum.
Leading the pack of DeFi tokens is Maker with a $4B TVL. It also has a market dominance of 19.98%. Second, on the list is Aave with a TVL of $2.69B.
The day before, the combined TVL of DeFi platforms reached only $15 billion.
Many people consider 2020 to be the year of DeFi. However, this new record shows that the DeFi space has yet to stop its rally this 2021. With the reaching of the new DeFi TVL, many people are now anticipating more increase in DeFi token prices alongside more mainstream cryptocurrencies like Bitcoin and Ethereum.
Meanwhile, BTC also hit a new all-time high (ATH) record of $35,000. It now looks to reach the Fibonacci level at $36.2K.