The dollar value of assets invested by users in various projects from the space of decentralized Finance (DeFi), today reached a new high of $13.62 billion, according to data from the portal DeFi Pulse.
The latest jump was largely due to increased investment in the Harvest Finance project. Over the past day, they have increased by 84% to $890 million. Harvest Finance had $1.09 billion in its pools at the peak in October, but the value quickly dropped to $300 million after identifying a bug that led to the loss of user assets.
"People are attracted by high returns, achieved with the help of risk-free strategies, – said CEO of the research firm CryptoQuant Ki young-Joo. For conservative investors staking in DeFi-projects seems a better strategy than storing and use of other risk-free strategies, such as arbitrage on the exchanges."
In February, the volume of assets in DeFi-projects for the first time reached $1 billion. The previous high of about $12.5 billion was recorded in late October.
The capitalization of DeFi tokens is also growing after reaching a peak in early September and then a sharp decline. According to CoinGecko, it is now $16 billion, while the maximum was recorded above the $19 billion mark.