Topic: DeFi Anticipated To Reach $5 Billion In Total Value (Read 411 times)
Currently, we see another bubble in the cryptocurrency industry. The years 2017-2018 belonged to altcoins, ICOs and IEOs. Now, 2020 belongs to DeFi protocols. You do not believe it? Look at the graph that shows the number of searches of the word DeFi on Google.
It's a very interesting idea. But one of the problems with this current one is the mixing up of things. They mix centralized with decentralized and call it Decentralized Finance(Defi). That is not a good idea at all. The centralized projects should be clearly marked or given a separate ecosystem that qualifies them (like Cefi or something)... so that they can be regulated in the usual centralized manner. The truely decentralized platforms can then have the DeFi ecosystem, and provide a strong standards and rules for decentralized regulations. The sheep and goats should be seperated.
There's a big probability this could happen in fact the price aggregator Coingecko has anticipated these they already created a page dedicated to Defi to track it's market performance you can check it out here
https://www.coingecko.com/en/defi Chainlink is leading the DeFi project but I expect for some projects to catch up.
That's cool, recently it was cmc who added Defi on their website and now coingecko. So it indicates that the Defi market is growing very fast and there could be more projects to pop up in the next coming months with Defi on their mind. So I believed that more than $5 billion valuation can be reach prior to the end of the year because this is the hottest trend in the crypto market. https://www.coingecko.com/en/defi Chainlink is leading the DeFi project but I expect for some projects to catch up.
There's a big probability this could happen in fact the price aggregator Coingecko has anticipated these they already created a page dedicated to Defi to track it's market performance you can check it out here
https://www.coingecko.com/en/defi Chainlink is leading the DeFi project but I expect for some projects to catch up.
https://www.coingecko.com/en/defi Chainlink is leading the DeFi project but I expect for some projects to catch up.
Every project is now trying to become a DeFi project first BEAM announced about their DeFi product now ARPA is also announcing about DeFi product ( link) looks like every project wants to take advantage of this DeFi trend.
Any project that adds Defi to the project has risen sharply in the past few days, and this investment trend is sure to help a lot of people make good profits from the market. Currently, the Defi projects are contributing to making the altcoin season return because today the value of Bitcoin has exceeded $10,000 and everyone seems very excited. I believe that if the Defi trend continues, then everyone will be able to make a lot of great profits from the market.I agree. I think once BTC settles down we will once again start seeing movements on those DeFi coins. I think the entire DeFi space could easily cover the market cap of $10-$15B in the few months even more if it keeps trending.
I think is highly possible for Defi to even surpass 5-billion if it keeps going the way with its current momentum For over three month the whole thing is DEFI and is as if crypto dont know anything apart from DEFI Is really growing exponentially and I hope it stabilize soon
DeFi is developing rapidly, with the huge acceptance and love around DeFi, I can bodly say DeFi market will be much more than $5b soon. Currently everybody wants to ride with DeFi, many project now switching while almost all the top echanges are currently happy to list DeFi project on their exchange.
More than that, and one thing that put more hype on this is that you can put a bet on what will be the price at the end of the year, What will the total value locked (TVL) in DeFi be at the end of 2020, according to DefiPulse?(Range: $1.00B-$9.00B). Run by Polymarket, a Gnosis-based prediction market, so it will be very bullish, that's for sure.
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$5 billion is already a lot of money isn't it? So for me this is not just a hype as the money involved is huge already. Yes, ETH is really doing good because of this DeFi and having its all bull run. But DeFi is different though in my opinion, everyone can say that this is hype all along but we will have to wait when this bubble are going to be burst or when the parabolic rise ended.
Yeah, that's huge amount I will agree, and we really don't know where the money is coming from. But the point is that it seems to be just a hype, and I think others have agree that this is very similar to ICO in 2017, but this time, Defi pace is very slow as compare to ICO but the end result will be the same. Many are going to loss money when the whole bubble is burst.
I think that's even a very conservative estimate, it could happen this year or it could happen soon as the hype for DeFi is huge at the moment.
Per https://coinmarketcap.com/defi/, these projects have an increasing trading volume, so with that alone, we can already tell that people are buying the idea of the DeFi and I expect it will result to significant growth especially now that the market is quite bullish already.
when the hype is on, you can expect a lot of good things will happen even beyond our expectation.
Per https://coinmarketcap.com/defi/, these projects have an increasing trading volume, so with that alone, we can already tell that people are buying the idea of the DeFi and I expect it will result to significant growth especially now that the market is quite bullish already.
when the hype is on, you can expect a lot of good things will happen even beyond our expectation.
Crypto is so unpredictable, first it was ICO success in 2017 that bring a new breath into crypto market and now it's DeFi projects turn, I believe it's why Ethereum is been very bullish too, I do hope this continues and if it does be expecting a new altcoin season soon
I don't think Defi is the real reason for the pump of the price of Ethereum. I think that the misunderstanding of people increases ETH price. Defi is just the current hype in the market that will continue until the end of the year.
Crypto is so unpredictable, first it was ICO success in 2017 that bring a new breath into crypto market and now it's DeFi projects turn, I believe it's why Ethereum is been very bullish too, I do hope this continues and if it does be expecting a new altcoin season soon
I don't think Defi is the real reason for the pump of the price of Ethereum. I think that the misunderstanding of people increases ETH price. Defi is just the current hype in the market that will continue until the end of the year.
Crypto is so unpredictable, first it was ICO success in 2017 that bring a new breath into crypto market and now it's DeFi projects turn, I believe it's why Ethereum is been very bullish too, I do hope this continues and if it does be expecting a new altcoin season soon
I don't think Defi is the real reason for the pump of the price of Ethereum. I think that the misunderstanding of people increases ETH price. Defi is just the current hype in the market that will continue until the end of the year.
DeFi is new ICOs. They will be alive only while hype around them
Are there really so much hype around Defi that it could really reach $5 Billion? Was really shock to read this article as the market really anticipated a huge boom with this Defi offerings around. And as coinmarketcap is already jumping as it it is already displaying it in their platform.
https://thecapital.io/article/defi-anticipated-to-reach--billion-in-total-value-MCqdHmWPbfBSD0UY6YR
Quote
The crypto sector has seen a fair share of speculations over the past decade, but the recent decentralized finance (DeFi) boom has opened up new opportunities for crypto enthusiasts – to bet on DeFi’s development.
The Gnosis-based prediction market, Polymarket, created a betting opportunity for crypto enthusiasts to guess what will be the total value locked in DeFi before January 1, 2021. The betting started at $4.12 billion last week, but quickly jumped to as high as $5,16 billion, as of press time.
The predictions can be seen as PolyMarket being bullish on the future of DeFi.
Decentralized Finance usually operates by “locking in” a certain amount of crypto assets, primarily Ethereum but sometimes Bitcoin is locked too. In return, DeFi tokens and/or a promised interest are granted to holders. Interestingly, users are more and more interested in the DeFi sector, as its “locked-in” value rises exponentially.
Indeed, the total value locked in DeFi projects gained $1 billion dollars in just two weeks – DeFi struck the $2 billion mark on July 7, 2020, but as of press time the locked in value tokens increased to over $3 billion. However, this is not the first kind of bullish momentum for the sector, as three weeks prior to hitting the $2 billion mark the DeFi sector managed to make it into the billions.
Crypto experts are considering that a significant part of DeFi’s recent explosion is Compound’s governance token release on June 15, 2020. In just 24 hours Compound’s COMP token managed to surpass Maker and take the lead in the DeFi realm.
However, the experts are taking a rather cautious approach towards the betting, as there are little over $1,500 in bets, so a few large-scale bets could alter the prices and make them swing.
Furthermore, DeFi Pulse noted that the total value locked (TVL) has exploded several times before, but quickly rebounded. For example, the TVL went up from $692 million to $1.26 billion from January 1, 2020 to February 14, 2020. A month later, the TVL rate bounced back and went down to $600 million.
Meanwhile, the debate around DeFi token valuations divided crypto investors, as innovative protocols like Aave and Synthetix are with higher demands, compared to MakerDAO.
Investors are either undervaluing or overvaluing the DeFi sector. Some investors think that it’s a perfect time to jump aboard the DeFi social media hype, as the sector became the fifth-most searched crypto-related term on social media, as well as marking an all-time high in social media activities track.
The Gnosis-based prediction market, Polymarket, created a betting opportunity for crypto enthusiasts to guess what will be the total value locked in DeFi before January 1, 2021. The betting started at $4.12 billion last week, but quickly jumped to as high as $5,16 billion, as of press time.
The predictions can be seen as PolyMarket being bullish on the future of DeFi.
Decentralized Finance usually operates by “locking in” a certain amount of crypto assets, primarily Ethereum but sometimes Bitcoin is locked too. In return, DeFi tokens and/or a promised interest are granted to holders. Interestingly, users are more and more interested in the DeFi sector, as its “locked-in” value rises exponentially.
Indeed, the total value locked in DeFi projects gained $1 billion dollars in just two weeks – DeFi struck the $2 billion mark on July 7, 2020, but as of press time the locked in value tokens increased to over $3 billion. However, this is not the first kind of bullish momentum for the sector, as three weeks prior to hitting the $2 billion mark the DeFi sector managed to make it into the billions.
Crypto experts are considering that a significant part of DeFi’s recent explosion is Compound’s governance token release on June 15, 2020. In just 24 hours Compound’s COMP token managed to surpass Maker and take the lead in the DeFi realm.
However, the experts are taking a rather cautious approach towards the betting, as there are little over $1,500 in bets, so a few large-scale bets could alter the prices and make them swing.
Furthermore, DeFi Pulse noted that the total value locked (TVL) has exploded several times before, but quickly rebounded. For example, the TVL went up from $692 million to $1.26 billion from January 1, 2020 to February 14, 2020. A month later, the TVL rate bounced back and went down to $600 million.
Meanwhile, the debate around DeFi token valuations divided crypto investors, as innovative protocols like Aave and Synthetix are with higher demands, compared to MakerDAO.
Investors are either undervaluing or overvaluing the DeFi sector. Some investors think that it’s a perfect time to jump aboard the DeFi social media hype, as the sector became the fifth-most searched crypto-related term on social media, as well as marking an all-time high in social media activities track.
https://thecapital.io/article/defi-anticipated-to-reach--billion-in-total-value-MCqdHmWPbfBSD0UY6YR
Recently there was a surge in the volume of DeFi projects and they are making it very big. Early this week I checked the DeFi sections on the CMC and it was amazing how these projects are making waves. May be I will just give it a trial and invest in one more with the Oikos I've already invested.
More than that, and one thing that put more hype on this is that you can put a bet on what will be the price at the end of the year, What will the total value locked (TVL) in DeFi be at the end of 2020, according to DefiPulse?(Range: $1.00B-$9.00B). Run by Polymarket, a Gnosis-based prediction market, so it will be very bullish, that's for sure.
Thank you for this link, I'm not aware that you can bet and sell your options with this Polymarket. And it's interesting to note as well that based on it, Defi is now around $7 billion. So definitely it could be as hype as the ICO in 2017, but here's the thing, people are actually make money, but you have to wait for months or years because getting the profit and this is a good thing and that is why it is growing rapidly.
I read some news that it has broken $5 billion already (not sure the $7 billion), so I guess all investors are jumping in and trying to make a slice out of that big pie. So if we go by that axiom, the more people to enter the picture the more it will grow obviously and it can trigger the next bull run for altcoin market, which looks like it has started as ETH has broken $300. So it looks like it we are moving in the right direction with DeFi but I will still be cautious.
$5 billion is already a lot of money isn't it? So for me this is not just a hype as the money involved is huge already. Yes, ETH is really doing good because of this DeFi and having its all bull run. But DeFi is different though in my opinion, everyone can say that this is hype all along but we will have to wait when this bubble are going to be burst or when the parabolic rise ended.
More than that, and one thing that put more hype on this is that you can put a bet on what will be the price at the end of the year, What will the total value locked (TVL) in DeFi be at the end of 2020, according to DefiPulse?(Range: $1.00B-$9.00B). Run by Polymarket, a Gnosis-based prediction market, so it will be very bullish, that's for sure.
Thank you for this link, I'm not aware that you can bet and sell your options with this Polymarket. And it's interesting to note as well that based on it, Defi is now around $7 billion. So definitely it could be as hype as the ICO in 2017, but here's the thing, people are actually make money, but you have to wait for months or years because getting the profit and this is a good thing and that is why it is growing rapidly.
I read some news that it has broken $5 billion already (not sure the $7 billion), so I guess all investors are jumping in and trying to make a slice out of that big pie. So if we go by that axiom, the more people to enter the picture the more it will grow obviously and it can trigger the next bull run for altcoin market, which looks like it has started as ETH has broken $300. So it looks like it we are moving in the right direction with DeFi but I will still be cautious.
Every project is now trying to become a DeFi project first BEAM announced about their DeFi product now ARPA is also announcing about DeFi product ( link) looks like every project wants to take advantage of this DeFi trend.
Any project that adds Defi to the project has risen sharply in the past few days, and this investment trend is sure to help a lot of people make good profits from the market. Currently, the Defi projects are contributing to making the altcoin season return because today the value of Bitcoin has exceeded $10,000 and everyone seems very excited. I believe that if the Defi trend continues, then everyone will be able to make a lot of great profits from the market.
Yes, some madness started with this DEFI, let's hope that this whole situation will attract new users.
DeFi, the new buzzword after Yield Farming. I think things will go on as in every market. The ones that have a real life use cases, a sustainable business modell and a good team will succeed and stay in the game while most others will just fall victim to pump and dump schemes.
I think that $10 billion can be reached in the near future, see how fast they grow, I wonder how long it will last.
I agree on $10 billion and more, waiting for the Bitcoin to go to the ATH and then even more altcoins growth.
Every project is now trying to become a DeFi project first BEAM announced about their DeFi product now ARPA is also announcing about DeFi product ( link) looks like every project wants to take advantage of this DeFi trend.
I think that $10 billion can be reached in the near future, see how fast they grow, I wonder how long it will last.
Crypto is so unpredictable, first it was ICO success in 2017 that bring a new breath into crypto market and now it's DeFi projects turn, I believe it's why Ethereum is been very bullish too, I do hope this continues and if it does be expecting a new altcoin season soon
self promote and self pumping $5billion is nothing to the whales, most is just on paper
Are there really so much hype around Defi that it could really reach $5 Billion?
Well, as defi projects have already managed to gain 1$ billion dollars in just 2 weeks and achieved the 2$ and 3$ billions dollars mark I think the 5$ billions one is very possible, this hype has potential for that.But we need to be realistic about it: such gains with high returns to investors aren't a good indicative of a solid investment. Even bitcoin when rised too fast (in 2017 bull run) created a false sensation of easy profit and then many people bought bitcoins for 14,000$ - 20,000$ and haven't recovered their investments so far.
It went from $1 billion to on $3.7 billion within less than two months. While I think it's a crazy time to be putting money in due to the high risk of oversold conditions, $5 billion doesn't seem impossible at all for a industry that has already 3.7x already. A 4-5x therefore doesn't seem unreasonable "the trend is your friend) and all that. Good luck to anyone still holding that shit if you ain't taken profits (at least your initial), as the trend will always bite you on the ass if you're not paying attention!
I think it is time to be careful of Defi projects now because the hype is getting too much and could end badly mostly wit newer projects. About the $5 billion in value, this looks exaggerated because once others or rather newer Defi projects starts coming up in mass, attention will be divided and drawn from already developed ones hence that mark might not be reach; this case scenario depends on if there aren't scam Defi projects. But can one rule out the fact that scammers will likely not develop theirs? No, hence another reason this anticipated value might not be reached.
Indeed! With the hype surrounding DeFi projects, there will be scammers that will use this platform to deceive their investors. As we all have seen, these scammers are getting better in deceiving the community. For now, it is better to stick with the known and established DeFi project like Chainlink. But for newcomers, you have to scrutinize it before jumping on the bandwagon.
More than that, and one thing that put more hype on this is that you can put a bet on what will be the price at the end of the year, What will the total value locked (TVL) in DeFi be at the end of 2020, according to DefiPulse?(Range: $1.00B-$9.00B). Run by Polymarket, a Gnosis-based prediction market, so it will be very bullish, that's for sure.
Thank you for this link, I'm not aware that you can bet and sell your options with this Polymarket. And it's interesting to note as well that based on it, Defi is now around $7 billion. So definitely it could be as hype as the ICO in 2017, but here's the thing, people are actually make money, but you have to wait for months or years because getting the profit and this is a good thing and that is why it is growing rapidly.
I think it is time to be careful of Defi projects now because the hype is getting too much and could end badly mostly wit newer projects. About the $5 billion in value, this looks exaggerated because once others or rather newer Defi projects starts coming up in mass, attention will be divided and drawn from already developed ones hence that mark might not be reach; this case scenario depends on if there aren't scam Defi projects. But can one rule out the fact that scammers will likely not develop theirs? No, hence another reason this anticipated value might not be reached.
Indeed! With the hype surrounding DeFi projects, there will be scammers that will use this platform to deceive their investors. As we all have seen, these scammers are getting better in deceiving the community. For now, it is better to stick with the known and established DeFi project like Chainlink. But for newcomers, you have to scrutinize it before jumping on the bandwagon.
I think it is time to be careful of Defi projects now because the hype is getting too much and could end badly mostly wit newer projects. About the $5 billion in value, this looks exaggerated because once others or rather newer Defi projects starts coming up in mass, attention will be divided and drawn from already developed ones hence that mark might not be reach; this case scenario depends on if there aren't scam Defi projects. But can one rule out the fact that scammers will likely not develop theirs? No, hence another reason this anticipated value might not be reached.
DeFi is more than just a hype, It's the people who are actually becoming interested day by day in this new financial system. Specially now that a lot of people are so concerned about their assets sitting in the banks and they need to experience another alternative of a financial system that gives them full access of their money without any validation from a third party company like banks.
Therefore, that total value is expected and anticipated.
Therefore, that total value is expected and anticipated.
so, the hype on defi will continue, just like the hype of ICO in the past, or even more ??
my big hope, this will be the beginning from the bullish trend on crypto market
DeFi is more than just a hype, It's the people who are actually becoming interested day by day in this new financial system. Specially now that a lot of people are so concerned about their assets sitting in the banks and they need to experience another alternative of a financial system that gives them full access of their money without any validation from a third party company like banks.
Therefore, that total value is expected and anticipated.
Therefore, that total value is expected and anticipated.
When I see this whole new hype about Defi it reminds me of the days of 2017 lol. ICOs surely came with good projects but most of them died out leaving investors rent. This is the same thing that is going to happen to some individuals in this current Defi hype.
thats right, the hype on defi remind me in the glory of ICO too
depends on cointelegraph defi tokens fuel to new bull run, and maybe this is true
https://cointelegraph.com/news/ether-price-nears-300-as-bitcoin-defi-tokens-fuel-new-bull-run
When I see this whole new hype about Defi it reminds me of the days of 2017 lol. ICOs surely came with good projects but most of them died out leaving investors rent. This is the same thing that is going to happen to some individuals in this current Defi hype.
More than that, and one thing that put more hype on this is that you can put a bet on what will be the price at the end of the year, What will the total value locked (TVL) in DeFi be at the end of 2020, according to DefiPulse?(Range: $1.00B-$9.00B). Run by Polymarket, a Gnosis-based prediction market, so it will be very bullish, that's for sure.
I'm happy with the recent development of the Defi marketplace, But let's consider the fact that the rise of Defi market cap was too fast and I'm afraid that it will be categorized as a bubble-like what happen in 2017-2018 in the crypto market, my question is where is the demand came from? and why is that the Defi market cap is rising so fast, is the growth of Defi marketplace is organic or just induce artificially, questions like that makes me doubt about the recent spike of Defi marketplace.
Well its mere prediction to say DEFI marketcap will hit 5B$ , but personally I think it will go beyond 5B$. So much hype and interest around DEFI. Decentralized Finance now the watch phrase for many crypto enthusiasts, every project wants to embed DEFI related approach on their roadmap. See what WANCHAIN did recently, and also AERGO just to mention a few. CZ too doesn't want to be left out, Binance chain will add smart contract feature mainly for DEFI sake, we all know. Some exchanges like Kucoin hosting DEFI coin listing program for free.
This will be the saver of marketcap. I think this year its not bitcoin will dominate the market but the altcoins due to defi hype. At first I cant believe how fast the defi becoming the reason but now I think I will believe this will be the saviour and will trigger bull market.
many normal coins are slowly transitioning into DeFi space which will increase market cap even more.
Yeah this is noticeable like project coti, even binance are taking the hype seriously. CZ CEO of Binance tweeted that the next ieo will be #DefiIEO means the next project will be a defi projects. Now their market is growing due to his tweet and possible defi project on the line. 
DeFi can completely do it while the economy has not recovered. DeFi is showing its usefulness in borrowing on new platforms and people are in great demand. most of the work of many people is affected so they will have to find something to invest and DeFi will solve their problems without going through the bank. Therefore, the calculation of experts is reasonable and can be trusted.
I think the cap will surely reach $5B because the hype game is so strong right now and if you notice many normal coins are slowly transitioning into DeFi space which will increase market cap even more.
I think the hype is real as of this moment, and it can really grow to astronomical numbers are crypto investors are really into this whole DeFi in the last 6 months or so pushing the money going around in total value to billions in dollar.
You really have to look at the goals of DeFi to really understand why everyone is jumping on this hype. It is challenging the current traditional setup and of course using it as a leverage for Ethereum
You really have to look at the goals of DeFi to really understand why everyone is jumping on this hype. It is challenging the current traditional setup and of course using it as a leverage for Ethereum
Are there really so much hype around Defi that it could really reach $5 Billion? Was really shock to read this article as the market really anticipated a huge boom with this Defi offerings around. And as coinmarketcap is already jumping as it it is already displaying it in their platform.
https://thecapital.io/article/defi-anticipated-to-reach--billion-in-total-value-MCqdHmWPbfBSD0UY6YR
Quote
The crypto sector has seen a fair share of speculations over the past decade, but the recent decentralized finance (DeFi) boom has opened up new opportunities for crypto enthusiasts – to bet on DeFi’s development.
The Gnosis-based prediction market, Polymarket, created a betting opportunity for crypto enthusiasts to guess what will be the total value locked in DeFi before January 1, 2021. The betting started at $4.12 billion last week, but quickly jumped to as high as $5,16 billion, as of press time.
The predictions can be seen as PolyMarket being bullish on the future of DeFi.
Decentralized Finance usually operates by “locking in” a certain amount of crypto assets, primarily Ethereum but sometimes Bitcoin is locked too. In return, DeFi tokens and/or a promised interest are granted to holders. Interestingly, users are more and more interested in the DeFi sector, as its “locked-in” value rises exponentially.
Indeed, the total value locked in DeFi projects gained $1 billion dollars in just two weeks – DeFi struck the $2 billion mark on July 7, 2020, but as of press time the locked in value tokens increased to over $3 billion. However, this is not the first kind of bullish momentum for the sector, as three weeks prior to hitting the $2 billion mark the DeFi sector managed to make it into the billions.
Crypto experts are considering that a significant part of DeFi’s recent explosion is Compound’s governance token release on June 15, 2020. In just 24 hours Compound’s COMP token managed to surpass Maker and take the lead in the DeFi realm.
However, the experts are taking a rather cautious approach towards the betting, as there are little over $1,500 in bets, so a few large-scale bets could alter the prices and make them swing.
Furthermore, DeFi Pulse noted that the total value locked (TVL) has exploded several times before, but quickly rebounded. For example, the TVL went up from $692 million to $1.26 billion from January 1, 2020 to February 14, 2020. A month later, the TVL rate bounced back and went down to $600 million.
Meanwhile, the debate around DeFi token valuations divided crypto investors, as innovative protocols like Aave and Synthetix are with higher demands, compared to MakerDAO.
Investors are either undervaluing or overvaluing the DeFi sector. Some investors think that it’s a perfect time to jump aboard the DeFi social media hype, as the sector became the fifth-most searched crypto-related term on social media, as well as marking an all-time high in social media activities track.
The Gnosis-based prediction market, Polymarket, created a betting opportunity for crypto enthusiasts to guess what will be the total value locked in DeFi before January 1, 2021. The betting started at $4.12 billion last week, but quickly jumped to as high as $5,16 billion, as of press time.
The predictions can be seen as PolyMarket being bullish on the future of DeFi.
Decentralized Finance usually operates by “locking in” a certain amount of crypto assets, primarily Ethereum but sometimes Bitcoin is locked too. In return, DeFi tokens and/or a promised interest are granted to holders. Interestingly, users are more and more interested in the DeFi sector, as its “locked-in” value rises exponentially.
Indeed, the total value locked in DeFi projects gained $1 billion dollars in just two weeks – DeFi struck the $2 billion mark on July 7, 2020, but as of press time the locked in value tokens increased to over $3 billion. However, this is not the first kind of bullish momentum for the sector, as three weeks prior to hitting the $2 billion mark the DeFi sector managed to make it into the billions.
Crypto experts are considering that a significant part of DeFi’s recent explosion is Compound’s governance token release on June 15, 2020. In just 24 hours Compound’s COMP token managed to surpass Maker and take the lead in the DeFi realm.
However, the experts are taking a rather cautious approach towards the betting, as there are little over $1,500 in bets, so a few large-scale bets could alter the prices and make them swing.
Furthermore, DeFi Pulse noted that the total value locked (TVL) has exploded several times before, but quickly rebounded. For example, the TVL went up from $692 million to $1.26 billion from January 1, 2020 to February 14, 2020. A month later, the TVL rate bounced back and went down to $600 million.
Meanwhile, the debate around DeFi token valuations divided crypto investors, as innovative protocols like Aave and Synthetix are with higher demands, compared to MakerDAO.
Investors are either undervaluing or overvaluing the DeFi sector. Some investors think that it’s a perfect time to jump aboard the DeFi social media hype, as the sector became the fifth-most searched crypto-related term on social media, as well as marking an all-time high in social media activities track.
https://thecapital.io/article/defi-anticipated-to-reach--billion-in-total-value-MCqdHmWPbfBSD0UY6YR
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