This week started pretty well for the ETH-led DeFi space. A number of cryptocurrencies across the industry are making impressive gains. Although things are slightly upside down today, some analysts believe that the bull run that started at the turn of the year is not over. So what are the most profitable DeFi tokens?



The price of ETH reached its all-time high of $ 1,475 yesterday morning. While the price has now dropped to roughly $ 1320, the price of ETH is about 80 percent higher than the $ 735 it was on January 1st. By comparison, the price of Bitcoins rose by about 8% from where it was at the beginning of the year.

The highest paying DeFi tokens

However, while ETH’s gains are impressive, they are weak compared to some price jumps that other popular altcoins have seen since the beginning of the year.

For example, Aave (AAVE) started the year at $ 57; and currently $ 257. This means an increase of 184%. Similarly, Sushiswap (SUSHI) increased 163%, Uniswap (UNI) increased 167%, Maker (MKR) increased 135%. Synthetix (SNX) and Chainlink (LINK) increased by roughly 100%.

Some of the lesser-known projects saw even more explosive returns. For example, data from Messari shows that the BAO token (BAO) has increased by 1033% since the beginning of the year. yAxis (YAX), Perpetual Protocol (PERP), Alpha Finance (ALPHA), DODO (DODO), Meta (MTA), Curve (CRV), MCDex (MCB) and ZKS (ZKS), 200% and% since the beginning of the year Increased by 450.

As a result, the locked-in total value (TVL) in the DeFi ecosystem has truly exploded since the beginning of the year. On January 1, DeFi’s TVL was $ 15.45 billion. Today, this number has increased by about 65% to $ 25.43 billion.


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