1INCH price rallies 30% as its monthly DEX volume nears $6 billion The total value locked in 1inch is closing in on $1 billion, and the decentralized exchange aggregator has processed nearly $6 billion this month. 11137 Total views Altcoin Watch
This week the total value locked in decentralized finance platforms reached a new high at $26.2 billion, and this record high was achieved even as Bitcoin (BTC) price appeared to be slipping into a downtrend.
This asymmetrical performance from DeFi tokens suggests the sector has staying power and the ecosystem built up around DeFi platforms is likely to have a far-reaching impact that may even alter the way traditional finance operates.