The total value, locked in the decentralized finance (DeFi) sector, broke a record, approaching $ 40 billion.
This number reached $ 39.79 billion on February 10, according to DeFi Pulse.
The increase in locked-in value undoubtedly reflects the rising prices in the crypto markets. Because the locked-in value measure also tracks the increase in dollar value of assets such as Ether (ETH) locked as collateral in various DeFi projects and applications. Therefore, the increase in token prices also increases the value that is kept locked. Still, the increase in cryptocurrency prices may not be the only explanation for this increase, but the increased participation in the DeFi ecosystem.
For this reason, it is important to use measures such as Adjusted Locked Total Value, which follows the change in the locked total value by keeping asset prices constant since the beginning of the period developed and evaluated by DappRadar.
DappRadar’s chart shows there is indeed a steady increase in the number of net assets transferred to the DeFi ecosystem in the first months of 2021. The adjusted locked total value, which was $ 14.91 billion on January 1, reached $ 19.15 billion on February 9.