DeFi

DeFi is only at the beginning of an era-defining trend for the obvious reasons:

  • The total value locked (TVL) of tokens in DeFi protocols rose from less than $1 billion in May 2020 to $112 billion Q1 2022, an increase of over 100x times.

  • Spot trading volume across the top 10 centralised and decentralised exchanges reached $3.79 trillion in Q1 2022.

  • At its peak in 2022, DeFi was estimated to be valued at over $300 billion.

  • According to dune.com, early in the year 2020 there were only 90 thousand DeFi users. That number rose to 1.1 million at the beginning of 2021, and that number surged to 4.1 million users at the beginning of 2022. As of the time of this writing, May, 2022, there are more than 4.7 million users! Since more and more people are interested in becoming independent of the centralised system, DeFi is attracting more and more users.

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