Hi HODLers,
Today is a good day as the market seems to want to bounce back strongly. And I am very happy about it !
In this kind of days, we can learn very interesting things about different projects. I have been paying attention to a lot of smart chains and some of my favorite ones are bouncing back harder than the rest of the cryptomarket.
I would take this as a sign of strong underlying demand which was just waiting a good time to buy.
Also, I felt like checking out the ongoing DeFi competition as there has been some big changes in the Top 10 ranking !
To do so, I usually head out to one of my favorite website: https://defillama.com/.
It is THE best website to check DeFi projects, chains, TVLs, etc... so you should definitely add it to your bookmarks. They also recently expanded to NFTs and give some nice insight if you are interested in this market's segment.
DeFi TVL by chain
Total TVL sits at ATH at $253bn. Ethereum still holds a 69%+ dominance but this has been going down through time
The biggest news is that Terra jumped to the 2nd place ! Thanks to a stellar run of the $TERRA coin due to its innovative Stablecoin minting process.
It took easily the 2nd spot from Binance Smart Chaint (BSC) which had been stagnating for a while but was still way ahead of other competitors such as Avalanche, Solana, etc...
On another front, Solana seems to be stagnating after its great run as many users do not like very much the VC heavy-backing of this chain and are kind of worried about future decentarlization.
Fantom is performing very well today (+15%) as well as MATIC and AVAX.
Merry Christmas holidays to all, maybe we will get some nice bullish present under the tree :D
Stay safe out there frens, this is a wild world...
