DeFi Wars | Total Value Locked & The Fight For Your Capital

The lines have been drawn and war will soon be waged.

This coming battle is for your hard earned crypto capital! Bless the DeFi revolution, being able to park capital and earn yield for contributing to liquidity is refreshing.

Traditional banks can now go fuck them selves.

The DeFi Summer of 2020 spawned a number of up and coming financial institutions or soon to be household names and institutions. It's early but I'm sure one of these startups will stick.

How to find product market fit in DeFi, reward people for parking their capital! a novel idea huh?!?

Total Value Locked On The Rise

These are figures I'm going to start tracking closely as the wars for your capital heat up.

As of today ETH is still the king, but for how long?

I don't doubt that ETH 2.0 will be the backbone of many future institutions, some of which may already be operating,.. Maker, Aave, Compound, Badger, Ren, Harvest, UniSwap, SuchiSwap and the likes.

Current Total Value Locked

ETH - $15B Total Value Locked (7.7M ETH) BSC - $11B Total value Locked (23M BNB) BTC - $2.6B Total Value Locked (48.9k BTC)

best estimates using https://www.defistation.io/ & https://defipulse.com/

BSC Snatching Up Market Share

No doubt that BNB and BSC are hot topics right now with the ongoing run up in valuation led by their native token prices skyrocketing.

Is it justified? I believe so, but I could be wrong.

I appreciate different opinions, so please let me know your thoughts. The way I'm looking at it is in the context of DeFi; ETH has a token price of around $1,950 with apx 15B in TVL (total value locked) while BNB has a price of $326 with $11B in TVL.

I realize I'm sort of comparing apples to oranges here, I respect that ETH is actually decentralized and has one of the largest development talent pools around.

But in terms of locked value in their respective DeFi ecosystems, either ETH is overvalued or BNB is undervalued.

Now the market decides!

Posted Using LeoFinance ^Beta