Total value of DeFi: +40% in five days
Total value of DeFi: +40% in five days
Defi

Total value of DeFi: +40% in five days

By Marco Cavicchioli - 15 Sep 2020

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The total value of locked assets in DeFi protocols increased by almost 40% in just five days. 

As shown by defipulse.com, a minimum peak of around $6.1 billion was reached on September 10th, but today it has risen to $8.5 billion. 

In other words, in just five days this value has increased by about 39%. 

It has to be said that, as of August 28th, there had been a real surge

At that time this value was 7.4 billion dollars, and in just four days it had risen by 30% to 9.6 billion dollars. 

Then a collapse began, which in eight days brought the total volume of investment funds on DeFi protocols to 6.1 billion on September 10th. 

However, it should be noted that defipulse.com’s figures still lack the volume of locked assets on Sushiswap, which was the real reason for the capital drain from Uniswap between September 9th and 10th. 

DeFi, rise and fall in the total value locked

On September 8th, i.e. before this massive migration, defipulse.com showed $8.2 billion locked in the monitored DeFi protocols, so the current level is simply back in line with the level prior to the migration of liquidity from Uniswap to Sushiswap. 

This trend is very clear from an analysis of Uniswap‘s locked assets, which peaked at $1.8 billion on September 5th, before plummeting to $0.4 billion on September 10th and immediately rising to nearly $1 billion the following day. 

However, it should also be added that the current level of locked assets on Uniswap is in line with that of four days ago, so the increase in recent days is not solely due to this factor. 

Looking only at the graph of the number of ETH locked on the DeFi tools monitored by defipulse.com, it is clear that the situation has been very impressive. 

If on September 8th there were more than 6.7 million ETH locked, two days later this volume had fallen by 65%, reaching a minimum of 2.3 million, which had not been seen since the beginning of June. 

In the following days, however, it rose to 3.3 million, suggesting that there is still room for further growth. 

An analysis of the trend relative to locked bitcoin on the DeFi instruments monitored by defipulse.com reveals that the dynamics have been different, with a constant growth in recent weeks. 

On August 26th, there were only about 48,000 BTC locked in these protocols, while thanks to a constant growth over time they have now reached more than 100,000, i.e. 108% growth in just over two weeks, and with a dollar value now exceeding one billion. 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 25 thousand subscribers.

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