The crypto market is showing its strength by printing many cryptocurrencies to new highs.

Centralized and decentralized exchange cryptocurrencies are present in the market’s recent rallies, and DeFi is also present and moving towards new heights.

The growth of DeFi projects and the increase in TVL:

The total locked value “TVL” has increased, as indicated by the “DeFiPulse” platform scale, whereby the platform measures the volume of funds deposited and locked in various decentralized financing protocols.

This closed value of decentralized finance projects reached new levels this April, with no sign of a potential slowdown.

The closed value of TVL, which was estimated at $ 20 billion at the end of December 2020, when the bullish race began, rose to a new record of $ 30 billion in February, after which this value has risen and now reaches $ 59.27 billion, highlighting a steady flow of funds to This emerging and new arena.

Read:Cryptocurrency exchange FTX announces its expansion into Europe and the Middle East

The amount of bitcoin locked in in DeFi projects has seen a sharp rise from a low of 92,797 bitcoin in early April to 147,859 bitcoin today.

The amount of bitcoin flowing into the decentralized financial ecosystem also indicates a move by market bulls to hold their “HODL” coins in the hope of achieving a greater return at a later time.

Ethereum growth in the DeFi arena has been relatively low as investors seem to prefer locking Ethereum into an Ethereum 2.0 deposit contract.

Today, a total of 10.2 million Ethereum closed on DeFi projects, down from 10.785 million in early April.

While on a large scale, the DeFi market is growing.

Trading platform currencies season:

The digital currencies of trading platforms, whether central or decentralized, have witnessed a remarkable rise, especially the central, which has taken advantage of the growth of decentralized financing projects to launch promotional products related to it and link its official digital currency in trading, aggregation, and rewards relationships…, with it.

Binance Coin BNB is leading the current rise of digital currencies for trading platforms, as the coin recently achieved a record level of $ 637.

Read:Bitcoin Reaches New Historic High, Ripple Still in Trouble

HT, NMX, UNI and CAKE among other cryptocurrencies have all gone through mixed bullish rounds this week, and continuously since early 2021.

Read also:

Tron-based tether “USDT” for the first time surpasses its Ethereum counterpart

Bitcoin price drops after news spread of Turkey ban on cryptocurrency payments