The decentralized finance, or DeFi, movement in crypto has grown explosively over the past several months, according to data compiled by Twitter analyst, Ceteris Paribus.
Data from May, June, July and August showed DeFi crypto assets have surged in price, on average, 42.9%, 56%, 60.5% and 168.4% respectively — massive monthly gains for any asset class, according to a chart posted in an Aug. 31 tweet by Paribus.