The price increase in DeFi (Decentralized Finance) projects continues at full speed especially with Ampleforth (AMPL) and Aave (LEND).
DeFi ruffle continues from where it left off. Ampleforth (AMPL) and Aave (LEND) are experiencing a price boom.
While the dominance rate of Bitcoin is falling, the rise wave led by DeFi projects in altcoins is not stopping. Starting with DeFi projects such as Maker (MKR) and Compound (COMP), the wave continues with Ampleforth (AMPL) in recent days.
AMPL has gained more than 350 percent since June 14. Traded at $ 0.89, altcoin is changing hands at $ 4.03 today. Crypto money was bought and sold at levels close to $ 2 a week ago.
How did this increase in ampleforth come? On June 23, the team announced a “Liquidity Incentive Program”. Developed in Uniswap 2.0 to promote AMPL liquidity, the program called “Geyser” enables users to earn AMPL tokens by staking. After the incentive program, the ETH / AMPL pool ranked first in Uniswap, the decentralized token exchange protocol, and surpassed $ 14 million.
Ampleforth is supported by Coinbase CEO Brian Armstrong, Huobi Capital, Pantera Capital and many more major investors.
Another DeFi protocol Aave (LEND) continues to grow and seems determined to catch the all-time high. LEND was changing hands at $ 0.015 just 4 months ago, and its value has increased by 1600 percent since then, exceeding $ 0.25. Recently, Aave has received $ 4.5 million in investment from the alternative investment firm ParaFi Capital, focused on the blockchain and decentralized financial markets.
Finally, the total amount locked in DeFi protocols increased by nearly $ 350 million in a week. According to the data of DeFi Pulse, the total locked value is 2 billion 280 million dollars.