In today’s briefing:
- Crypto Moves #40 – Another ‘DeFi Summer’ Is On the Horizon
Crypto Moves #40 – Another ‘DeFi Summer’ Is On the Horizon
- The summer of 2020 marked a pivotal moment for decentralized finance (DeFi), as it gained significant momentum, reflected by the surge in Total Value Locked (TVL) across DeFi protocols.
- Chart 1: Total Value Locked (TVL) in 2019 and 2020While DeFi continued to grow through 2021, it was the rapid expansion during the summer of 2020 that left a lasting impression on the community, earning the period the moniker ‘DeFi Summer.’Chart 2: Total Value Locked (TVL), All TimeAlthough the actual season may be shifting towards winter, ‘DeFi Summer’ is making a comeback, but the Total Value Locked is still quite far from its 2021 peak.
- However, it is likely only a matter of time before we surpass that all-time high – potentially as soon as the first half of 2025.
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