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  2. Cryptocurrency Ecosystem
  3. DeFi tokens
  4. Is Defi Booming Again?

Is Defi Booming Again?

salvadormartin
2022-10-21 09:10:30

The Total Value Locked(TVL) in DeFi space had reached its heights on Sep 02, 2020, with $9.6 billion locked. Unfortunately, it fell to the lowest point at $6.8 billion on Sep 09, 2020, but bounced back within hours. Currently, $7.24 billion is the valve locked in DeFi. Will Defi Boom again?

Post Reply  
anabellcortess
2022-10-21 09:14:27

It takes more time to assess the effectiveness and prospects of DeFi projects. Many of them are unambiguously useful, and therefore there is no doubt that they will be in demand and develop in the future. However, scammers are always in a hurry to take advantage of the hype around them. Therefore, before investing your money in these projects, you need to study them well so as not to fall for the tricks of scammers.