DeFi bubble fueled by token value growth

in #hive-13398711 days ago

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Is TVL really the most valuable metric in DeFi?

Compound’s COMP token recently triggered a massive yield farming effect within the DeFi ecosystem. Numerous headlines suggested the category had reached an all-time high value. According to defipulse.com, the DeFi sector has now surpassed $3 billion in value.

But does yield farming really attract more assets and users to the category?

The key fundamental growth factors are going to be considered within this overview: Daily active wallets and total value locked. The value of the protocols native tokens will be analyzed too.

Read our July 2020 Flash report