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These 3 metrics suggest there’s still time for another ‘DeFi Summer’

Published 08/12/2021, 03:20 PM
Updated 08/13/2021, 05:20 PM
These 3 metrics suggest there’s still time for another ‘DeFi Summer’
ETH/USD
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Decentralized finance (DeFi) has been a big part of the explosive growth seen across the cryptocurrency ecosystem in 2021, with decentralized exchanges like Uniswap and SushiSwap and lending protocols like Aave and Compound adding a new dimension of token utility.

Data from Messari’s DeFi Assets index shows that over the past 30 days, a majority of the top 10 DeFi tokens gained more than 20%, with the top gainer, Terra (LUNA), seeing its price increase more than 116%.

DeFi Assets index. Source: Messari
Total value locked in DeFi. Source: DeFi Llama
Crypto Fear and Greed Index. Source: Alternative
Daily DEX volume. Source: Dune Analytics
Average Ethereum gas price. Source: Etherscan
Total DeFi users over time. Source: Dune Analytics

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