Defi Economy Recovers Faster Than Most Crypto Assets After Market Steering

Decentralized financial (default) exchanges and tokens are recovering much faster than many digital assets that have lost more than 40% in the past week. Defi tokens like curve, kyber network, terra, hxro and more have seen double digit gains. On May 23, the total value of the undefined economy (TVL) dropped to nearly $50 billion and has since risen to $17.4 billion. Defi economy rises higher than others Defi fans are seeing the economy recovering slightly after many decentralized financial tokens lost significant value during the recent market disruption. However, the defi economy is gaining momentum as a number of statistics show that the ecosystem is recovering faster than other crypto assets. TVL is up 34.8% since May 23, 2021. Seven-day statistics for decentralized exchanges (dex) show that $19 billion has been traded on dex apps such as Uniswap, Sushiswap, Curve, 0x Native, and Tokenlon. Decentralized exchange (dex) volumes according to Dune Analytics. Dune Analytics statistics show Uniswap traded $11.4 billion, while Sushiswap saw $2.4 billion in swaps last week. On Binance Smart Chain (BSC), popular dex platform Pancakeswap has reached a volume of $20.4 million in the last 24 hours. Binance dex reached $5.4 million in 24-hour volume, while BSC dex apps like Autofarm and Nerve Finance also saw more trades.'s currency ratings show Uniswap is ranked 18th in the top 20 exchanges today. The TVL of the defi economy has risen 34.8% since May 23 after defi TVL dropped to $50 billion and rose to $67.4 billion, according to data collected on June 2. There are 10.2 billion TVLs in the protocol. Defi users (unique addresses) increased significantly throughout 2021. Defi users continue to grow exponentially over time as Dune Analytics reports 2.64 million unique addresses

Join the Discussion

  • BrokerEUR/USD
    ETX Capital 0.6pips (variable) margin: 3.33%
    OANDA 1.3pips (variable) margin: 3.33%
  • Back to top