The total value locked (TVL) in the decentralized finance (DeFi) ecosystem steadily holds above $50 billion. Interestingly, this places DeFi’s worth of dollars above some countries’ GDP.
While Ethereum (ETH) is the Web3 leader, dominating the overall locked value by close to 50%, some infrastructure competitors are continuously gathering investor’s and developers’ attention. In particular, Solana (SOL), Cardano (ADA), and Avalanche (AVAX) have been growing their DeFi ecosystem with valuable protocols.
Moreover, these layer-1 blockchains have shown a strong momentum for their native tokens. In each case, SOL, ADA, and AVAX fuel their ecosystem through gas fees and staking demand, which is reflected in their price performance.
Notably, the same thing applies to Ethereum’s native token, Ether, traded under the ticker ETH. As the leading DeFi system grows, so does the value of its base asset, rewarding buyers and stakeholders.
In this context, Finbold retrieved data from DefiLlam
We współpracy z: https://finbold.com/top-3-defi-projects-to-buy-right-now/
