DeFI TVL rises to $55B (February, 2021)

By Dnobs | that is how it goes | 7 Apr 2021

The total value of the DeFi market has risen so far this month, reaching an all-time high of $ 54.75 billion on Feb.11.
  • DeFi market data tracker DeFi Llama shows the TVL has risen to new TODs of over $ 54 billion in the rally market


  • MakerDAO is the most dominant protocol on the market at over $ 6.3 billion. Aave follows with $ 5.94 billion


  • The market for TVL has nearly tripled since Jan. 1, when it was $ 20 billion


  • Further growth is likely when companies like Grayscale start offering DeFi assets in their products


  • Most likely, the TVL is likely to be higher - platforms like DeFiPulse don't always accurately reflect market activity and sometimes leave out important logs 


  • For example, the 1-inch team states that their TVL exceeded $ 2 billion, making it a relevant addition to DeFiPulse, but the latter didn't add a 1-inch to its data platform

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