Data from Messari shows that over the past 30-days the majority of tokens listed on the site’s DeFi Assets index have rallied by more than 20%. A few standouts like Maker (MKR) Synthetic (SNX) and SushiSwap (SUSHI) gained more than 100% during the same time frame.
DeFi assets index. Source: Messari.io
From Jan. 1 to Jan. 9, the decentralized finance sector saw its total value locked (TVL) rise from $15.678 billion to a record-high $23.092 billion and this recovery to a new all-time high came about 4 months after the DeFi bull market abruptly came to an end.
Now that Bitcoin (BTC) and Ether (ETH) have rallied to multi-year highs, investors are again turning their attention to the DeFi sector and its likely that the start of a new bull market, soaring TVL at the top DeFi platforms and the steady integration of Ethereum alternatives are the primary reasons for the current surge.
Bitcoin and Ethereum carry the market