SIMETRI gains of 484%
SIMETRI gains of 484%
SIMETRI 484% gains
SIMETRI 484% gains

Aave and Curve Finance Join DeFi’s Billion Dollar Club

DeFi adds two more unicorns, and there's no stopping it now.

Share this article

DeFi is growing exponentially, adding a billion dollars of collateral locked in a mere two days. Aave and Curve have been the most potent drivers, as each project smashed past a billion dollars in locked collateral.

DeFi’s Exponential Growth

The DeFi exuberance continues, but Aave and Curve are now leading the way.

DeFi Pulse TVL Image
Source: DeFi Pulse

After bungling its token launch, Curve Finance has grown at warp speed.

Value locked in the protocol grew from $200 million to $1.1 billion in just five days. Similarily, Aave accelerated from $500 million to $1.12 billion in a short three days.

Though Curve’s catalyst is now live, Aave’s is yet to be put into action. A plan to further decentralize the protocol with staking and on-chain governance is set to go live in the coming days.

SIMETRI gains of 484%

While this need not affect the total value locked, it will be a grand impetus for Aave’s native token.

Value locked in Aave
Source: DeFi Pulse

Synthetix is on the verge of joining the club, with over $850 million of collateral locked in the ecosystem. yEarn Finance is also closing in on ten figures, and Compound has boasted supplied funds of over $1 billion since June.

DeFi is dominating the cryptocurrency narrative. So much so that mainstream media outlets like Mashable and Bloomberg have turned their attention to the rapidly growing niche.

Share this article

Loading...