The TVL of all De-Fi projects is still bearish.

in hive-103599 •  last year  (edited)

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It looks like altcoins charts. The TVL(Total Value Locked) of all De-Fi(Decentralized Finance) projects is going through a tough time.

I remember that in the beginning of 2020, YFI(Yearn Finance) got the spotlight. The price quickly surged on and on due to short sequent halvings. Then, crypto market participants started looking for new De-Fi projects. The De-Fi theme has been exponentially expanded.

Compared to 2021, the TVL of the De-Fi is lower, and ordinary people and market participants have been not interested it the theme. However, I think it's not over. It was just the 1st quantum jump for the 2nd quantum jump. Cause, traditional finance corporations control customers data in their centralized servers. As well as, they know what their customers did and what they will do somewhat.

In this regard, De-Fi is more democratic and equal than centeralized products. Of course, some De-Fiss are unstable and risky of hacking. However, I belive it will be the future's finance. It's the matter of time. Long-term investors would win this game.

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Upvoted! Thank you for supporting witness @jswit.

good job