Report: Q1 2021 DeFi Boom Cools Rapid Development In NFT Industry

CoinDesk today announced the Market Trends Report for the first quarter of 2021. According to the report, after a year of growth and expansion, the DeFi boom is starting to subside. In the first quarter of 2021, the dollar value of crypto assets controlled by the DeFi app is expected to increase by 150%, from around $ 20 billion to $ 50 billion. However, most activity shows an increase in ETH and other Ethereum-based tokens rather than a further increase in crypto-based assets. Correction for 'price impact' shows that by setting the price of crypto assets over the 90 day period, DeFi's Total Value Lock (TVL) increased by 50% this quarter and gradually repaired itself at the end of the year. March. DEX trading volume also saw a steady increase in a similar pattern, but declined slightly at the end of the first quarter. The NFT industry grew rapidly in the first quarter, with the packaging industry over 25 times and the value of some markets exceeding $ 2 billion.