The decentralized finance market continues to expand. The value of funds locked in this ecosystem has already reached $ 21.78 billion.
Last weekend, this figure exceeded $ 23 billion, updating its all-time high. Then, as part of the general correction of the crypto market, the cost of DeFi tokens began to decline.
According to the latest data from DeFiPulse.com, the amount of Ether (ETH) and Bitcoin (BTC) blocked in the DeFi market is declining. This trend may be because investors moved to take profits after the most comprehensive digital currencies rose to their maximum values in December-January.
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On Monday, January 11, BTC and ETH rates weakened to $ 35,195 and $ 1108, respectively.
Over the weekend, bitcoin and ether were moving to new heights, but the whales provoked a pullback, staging a huge sale. BTC, for example, fell from over $ 40,000 to $ 35,000.
The largest DeFi projects are now Maker, Aave, and UniSwap, whose capitalization now exceeds $ 4.21 billion, $ 2.74 billion, and $ 2.67 billion, respectively.