In the last two weeks, the demand for the decentralized finance (DeFi) and altcoins has been really high. The investors are constantly rallying on these platforms in order to invest heavily in these spaces. Several investors are constantly investing in particular spaces and the investments are constantly rising on these platforms.
So far, the majority of the decentralized finance and altcoins are experiencing uptrends in terms of their prices and rallies. According to figures, the prices for these spaces are constantly on the rise and it is being speculated that they will hit all-time highs by the end of August.
Several on-chain data analyzing firms are closely monitoring the trends of the decentralized finance and altcoin spaces. These spaces are sharing very promising results and findings surrounding these spaces. In order to demonstrate the significant rise in prices and valuations of both spaces, the data analyzing firms have shared the top 10 tokens from the particular spaces.
The data analyzing firms have revealed that the top-10 decentralized finance tokens have gained over 20% rise in their prices in the last 30-days. The data analyzing firms have revealed that out of the rest of the decentralized finance projects THORChain (RUNE) and Bancor (BNT) have demonstrated unique performances.
The stats show that both RUNE and BNT have experienced a tremendous rise in their demand and prices. Both tokens have individually gained a rally of 115% in their prices in the last 30-days.
Llama, a major data analyzing firm belonging to the decentralized finance space has revealed that decentralized finance has achieved a new milestone in terms of total value locked (TVL). Llama has revealed that as of August 22, 2021, the total value locked of the entire decentralized finance space is at $157.06 billion.
The constant rise in the TVL of the entire decentralized finance sector goes to show that the investors have very high sentiments with the space. With every passing month, the sentiments of the investors are growing in the decentralized finance space. This is why the investors are constantly increasing their investments in the decentralized finance sector.
In the last run-up, the TVL of the decentralized finance had grown proportional to the growing prices and market capitalization of Bitcoin and Ether.
However, the decentralized finance sector has now started acting independently, showing promising figures and a rise in their prices in the last 30-days.
Over time, as Bitcoin and Etherum have both continued facing high transaction fees, the DeFi space has continued improvising. The particular space is constantly introducing solutions in order to lower the transaction fees/charges, provide high salability, and uninterrupted transaction flows.
With the DeFi space constantly coming up with convenient and favorable solutions, it is bound to increase its market value and adoption rate.