Daily Trade News

DeFi TVL hits a record $157B as Ethereum competitors attract



DeFi TVL hits a record $157B as Ethereum competitors attract investors

Altcoins and DeFi tokens have been on a tear for the last two weeks and as the end of August approaches many projects are seeing their tokens reach for new all-time highs.

Data shows that a majority of the top-10 DeFi tokens gained more than 20% in the past 30-days, with projects like Bancor (BNT) and THORChain (RUNE) seeing gains in excess of 115%.

Top-10 DeFi assets by price. Source: Messari
Total value locked in DeFi. Source: DeFi Llama