Defi tokens and altcoins have been doing well lately. The major part of them (Polkadot, Aave, Chainlink, Uniswap)saw a price increase.
Related: The Macro Bull Trend Continues for Chainlink
Decentralized exchanges (DEXs) have had a huge effect on this. Data shows that monthly DEX volumes have grown since July 2020. At the moment the total value locked in DeFi is at $23.89 B.As a whole, the cryptocurrency market cap now stands at around $989 billion.
Decentralized protocol Aave scored $255 while the flash loans are gaining more demand. At the beginning of January, the price was $83. Aave's TVL rose from $2.03 billion to a record $3.811 billion. Now the platform is the second largest, coming after Maker ($4.86 B)On January 23, the price of the native token of the Chainlink network surged over $25. At the moment, it trades at about $24. Bitcoin continues to show high volatility. It trades at around $33.210 with a dominance index of 62.85%.