DeFi Whales Make $1.5 Million From Aave, Compound, Maker
A host of DeFi assets initiated recoveries towards the end of June that translated into a fruitful uptick by early July. Compound’s COMP token was one such asset. As recently analyzed it rose by more than 100% in less than a fortnight. Nevertheless, the broader DeFi market has been moving in tandem with the broader crypto market. The aggregate valuation of both markets was on a downtrend for several weeks. However, they recently registered a streak of green candles and broke above the downtrend. Currently, however, the bullish momentum seems to be fizzling out, for both the markets have been correcting. As of press time, the DeFi market was valued at $40 billion, while the entire crypto market was worth $1.1 trillion. DeFi market cap vs. Crypto market cap by TradingView Also Read: Threads Token Up 4800% Amid Meta-Musk Saga TVL on Lido, Maker, Aave, Curve Uniswap fluctuates Despite the wobbly environment, the TVL landscape continued to remain quite competitive. The...