Yield-seeking crypto investors have locked more than $28 billion worth of digital assets inside decentralized finance (DeFi) platforms in the past three months alone.
The total value locked (TVL) in DeFi platforms has more than tripled since December 1 — from about $12.5 billion to over $40 billion, according to DeFi Pulse.
Now, 13 DeFi platforms boast more than $1 billion in digital assets staked in their smart contracts after Israeli crypto firm Bancor joined the ‘three comma’ club on Tuesday.
- MakerDAO’s TVL added the most raw value ($3.54 billion).
- TVL in five other DeFi platforms swelled by $2 billion or more.
- 1inch and Bancor TVLs shot up the fastest, respectively growing 1,700% and 1,100%.
Stakers aside, native tokens for Badger and SushiSwap returned the most for crypto investors over the last 90 days — by far.
BADGER and SUSHI are both up over 1,000% since December 1, more than double third-place Uniswap.
Top DeFi tokens jumped 440% on average while Bitcoin and Ethereum surged about 145%, however their significantly larger market values can explain the lower returns.