Exclusive report by Santiment
The state of DeFi in 2021
It’s no doubt that 2020 has been the year of decentralized finance.
With the proliferation of DeFi protocols in the summer of last year, the crypto paradigm has shifted from pure speculation to farming yields, providing liquidity and disrupting the rules of TradFi (traditional finance).
However, the past few months have slowly but surely shifted the spotlight away from DeFi in favor of other market storylines.
Bitcoin’s historic rally, the NFT resurgence and other ‘hype’ narratives mean that fewer market participants are still aware of the current state – and the ongoing evolution – of decentralized finance.
In this report, we take an in-depth look at the health of the DeFi sector in 2021, by combining the latest data from the blockchain, social media and 1000s of public crypto-related Github repositories.
- Why Total Value Locked is a faulty metric (and what to use instead)
- Charting DeFi’s ‘developer mindshare’ vs. the rest of crypto
- The social media dominance of top DeFi projects
- On-chain activity of 300+ DeFi tokens in 2020 vs 2021
- …and more
If you’d like to book a personal demo with the Santiment team, reach out to us at [email protected]
Report curated by:
Founder and CEO @ Santiment
Market Analysis @ Santiment