DeFi assets jump to $4.75 billion! DeFi assets jump once again marking a 5x increase in just two months. Maker’s smart contracts hold $1.45 billion by themselves.
4.5 million ETH are now locked in DeFi, with 24k Bitcoins also tokenized in DeFi form.
A new DeFi to hit the market is a tokenized insurance fund based on collateral I action for fraud or double spends. The name? Flexa.
Chainlink is worth some $14 billion in a fully diluted market cap, overtaking XRP, which is currently valued at $13 billion.
Even if we consider eliminating Chainlink from the DeFi market cap, that still means DeFi investments rose by $2 billion in two weeks.
There’s a defi index, so if you wanted to do lazy investing, you can. All of this simply results in DeFi growing fast – which in turn makes Ethereum more valuable, which makes Bitcoin more valuable. A snake that eats itself, so to speak.
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