We are back to take a look at how Decentralized Finance fared in the past seven days, as it continues to represent an important section of the entire cryptocurrency market, so let’s begin:
As a reminder: TVL (Total Value Locked) represents all of the money that is being handled through DeFi projects, including all the tokens being handled in smart contracts, and then multiplying by the value in USD of each different token.
As you can see, this week we experienced a growth of $100 million overall, which is around 18%, which is comparable to the climb of 13% seen in BTC and 14% in the overall market, with the very important distinction of stability, seen by the lack of big spikes and drops (ignoring the outlier point on the early hours of Sunday). This can be translated as a healthy period of time, and the lack of tendencies to be broken might be a signal of a tendency that could be sustained for several weeks. but we will have to wait and see.