Total Value Locked In DeFi Hits $3B
Plus China's Blockchain Service Network integrates with 6 public chains
Happy Tuesday, Blockfolians,
Yep, you read that headline right. The big number at the top of the DeFi heap is up another billion. If you’re thinking “didn’t we just have one of these milestones” - the answer to that is also yes. In fact, where it took 5 months from DeFi to go from $1B to $2B in TVL, it only took 2 weeks to go from $2B to $3B.
On top of that, DEX volume has hit $1.6B for the month, already topping June’s record.
Many are excited, but some - like Uniswap’s Hayden Adam’s - are wary.
Dan Robinson @danrobinsonYield farming has jumped the shark.
What’s for sure is that there is a ton of energy, engagement - and increasingly, money - in this space. What’s less clear is where it all lands. No matter what, it will be fun to watch!
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A (Small But Significant) Number We Should Be Paying Attention To
That’s the number of public blockchains that China’s Blockchain Service Network (BSN) has integrated with, including: Tezos, NEO, Nervos, EOS, IRISnet and Ethereum.
We can certainly hope, Raoul.