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Lending protocols lead market recovery as Maker paves way for gains
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ambcrypto.comAfter Bitcoin’s ATH of $69k on 10 November, not just the top coin, but the larger market has been somewhat mellow. However, even with the top two coins consolidating, there seemed to be some altcoins that presented double-digit gains as they rallied.
Interestingly, the lending protocol landscape was one that seemed to be making the most headlines, with Maker leading the way with 8% gains.
The DeFi sector seemed to be paving the way for recovery with DeFi’s Total Value Locked increasing by 5.27% from last week, pushing the TVL to $215.5 billion. Notably, lending protocols were the ones presenting the highest gains, led by Maker and new protocols like Abracadabra.
As of 30 June 2021, DeFi lending and borrowing protocols made up over 18% of
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