DeFi Clocks $10B In-flows Till Now in 2023
Amid the macro bearish landscape last year, the total value locked in DeFi dried up and the yields were down to their average lows. Consequentially, the DeFi index price, showcasing the state of DeFi on Ethereum, also crashed. Towards the end of last year, it was hovering around $1.1k, while in early 2023, it dropped down to $1.07k. From thereon, however, there has been an improvement. As shown below, the reading of the same has already notched up to $1.85k, justifying the same. Source: ethereumprice.org Leaving aside the DeFi trend on Ethereum, the macro state of affairs has also been refined. Evidently, the price of top DeFi tokens has been on the rise. In the period between Jan. 11 to Jan. 17, the top-performing assets from this space fetched their investors with returns in the 48% to 70% bracket. In fact, their volume simultaneously pumped upto 602%, bringing to light the interest influx of market participants. Source: crypto.com DeFi market cap balloons up The impact ...