Open the charts and you’ll see what I’m talking about. Many DAOs and decentralized platforms overall have seen some pretty decent gains this month.
# – Curve DAO up by 103%
# – AAVE up by 57%
# – BitDAO up by 51%
# – Uniswap up by 75%
And these are just the big names in the DeFi and DAO communities. Many other DeFi based projects with smaller market caps have experienced even higher growth.
And it’s not just about growth in price. I’m also talking about ecosystem growth and growth in development overall. A lot of DeFi based projects have seen a ton of new developments in their ecosystems and networks.
From the ones I just mentioned Curve added more liquidity to their pools. AAVE is working on launching its own stablecoin. And Bitdao will soon be launching a well awaited L1 that apparently has a lot of support from the community.
I won’t even get into TVL cause that would need an entirely dedicated post but TVL has also been bullish with all of these projects.
I’m very excited to see this happen cause we haven’t been getting exciting DeFi news/performance for the longest now.
I’m not really sure what’s exactly behind all this recent flurry of activity but my personal belief is that its a reaction to major CeFi platforms like Celsius and Bancor giving people cold feet.
What do you think it is exactly?