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.