Default auditing for DeFi projects is a must for growing the industry
Cointelegraph
Published Mar 21, 2021 03:17AM ET
Updated Mar 21, 2021 05:00AM ET
The radical opportunity presented by decentralized finance has garnered significant attention from investors and speculators alike. The total value locked in DeFi protocols grew over 2,500% in 2020, from around $700 million in January 2020 to over $20 billion in December 2020. TVL is a more useful metric than market capitalization when it comes to DeFi, as it accurately represents the equity that investors are willing to commit to these protocols. And their commitment didn’t end in 2020; this year alone, DeFi’s TVL more than doubled, reaching $40 billion in February.
Related: Was 2020 a ‘DeFi year,’ and what is expected from the sector in 2021? Experts answer
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Written By: Cointelegraph
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