DeFi TVL hits a record 7B as Ethereum competitors attract investors

DeFi TVL hits a record $157B as Ethereum competitors attract investors

Altcoins and DeFi tokens have been on a tear for the last two weeks  and as the end of August approaches many projects are seeing their tokens reach for new all-time highs.

Data shows that a majority of the top-10 DeFi tokens gained more than 20% in the past 30-days, with projects like Bancor (BNT) and THORChain (RUNE) seeing gains in excess of 115%.

Top-10 DeFi assets by price. Source: Messari

Here’s a look at some of the factors behind the current boost to DeFi tokens and the projects…


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