DeFi’s TVL has been growing at an exponential rate since March. According to , a crypto analytics account on Twitter, the number of days to reach each one-billion-dollar milestone has been getting shorter.
DeFi’s exponential success is still a mystery to many crypto experts. While the general financial sector is still struggling to recover from the impact of the ongoing pandemic, DeFi appears to be benefiting from it.
ADVFNContrary to popular belief, Chambers believes that it is DeFi, not Bitcoin, that is now the leading asset in the crypto market. Damir Bandalo, founder of Encore Club, however, believes that TVL is a flawed metric. He that its assets are counted multiple times.
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