Over the past couple of weeks, over $1 billion flowed into DeFi applications.
This brings the total value locked (TVL) in these Dapps to a whopping $3 billion. It took 2.5 years to reach the $1 billion TVL mark.
The current surge in growth can be attributed to Compound when it started to distribute its COMP governance token on June 15, which shot up in price soon after.
Since then, a slew of new DeFi applications have emerged, most of which allow yield farming.
Do you think there's more room to grow or is it going to fall off?