Skip to main content

Market Analysis

Defi Growth#

The recent explosive growth of the cryptocurrency and blockchain industry has surprised everyone inside and outside the industry.DeFi is the hot spot for growth in the blockchain space, with Defi lockups topping $80 billion on April 6, 2021, and the stock of digital assets in the Defi network topping $101 billion on the same day, representing about 5% of the overall volume of digital currencies, with a tendency to accelerate further. Most DeFi projects have seen a 10 to 20-fold increase in their key metrics (Total Value Locked), and their token prices have seen similar results. The current phase seems to be the most innovative in the history of blockchain.


TVL(Total Value Locked) refers to the total dollar amount locked in the smart contract, which provides liquidity for these DeFi agreements. It reflects the users participation and trust in DeFi concepts, as well as the security and stability of different projects. In 2020 alone, TVL has increased by more than 20 times, from $691 million to $14.1 billion. In March 2021, the figure has reached to more than $40 billion on Ethereum chain alone. And in April 2021, defi lockups have topped $80 billion.

Pain Point#


What SIL Can Do#