June 19, 2024

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DeFi TVL Raised Record $157 Billion As Ethereum Contest Attracts Investors By CoinTelegraph

DeFi TVL Raised Record $157 Billion As Ethereum Contest Attracts Investors By CoinTelegraph

DeFi’s TVL hits record $157 billion as competition from Ethereum attracts investors

Altcoins and DeFi tokens have been on an upward trend for the past two weeks and with the end of August approaching, many projects are seeing their tokens reach all-time highs.

  • It clears the price lower, but the $48,200 level is now crucial to avoid falling into the bullish trap

Data shows that most of the top 10 DeFi coins have gained more than 20% in the past month, with projects such as Bancor (BNT) and THORChain (RUNE) seeing gains of over 115%.

Top 10 DeFi assets by price. Source: Messari Let’s take a look at some of the factors behind the current DeFi token push and the projects that are leading the way in terms of protocol updates and cross-chain interoperability.

Read the full article on Cointelegraph

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