DeFi Pulse: in one week the DeFi industry “went up” by $1.32 billion

The dollar value of crypto assets blocked in DeFi protocols has increased by $1.32 billion over the last week, despite the industry slowing down;

Despite the slowing growth of the DeFi industry, users continue to place crypto assets in smart contracts. According to DeFi Pulse, the dollar value of crypto assets blocked in DeFi applications has increased from $11.16 billion to $12.48 billion
over the past week;

The vast majority of these crypto assets entered the industry in 2020. At the beginning of the year, this figure barely exceeded $1 billion, while on September 18 it was achieving $13.2 billion. However, in October, DeFi growth slowed down
– at the end of October, the dollar value of crypto assets in DeFi protocols was less than at the beginning of the month;

Prices of some DeFi tokens went up last week. According to Coinmarketcap, the price of YFI token of protocol rose by 47% to $15,138, and the price of AAVE token increased
by 67% to $48.09.

Recall that according to the joint report
analytical firm DappRadar and the Monday Capital Foundation, most DeFi projects have a high degree of centralization due to the token distribution model;