While Q1 2022 was a challenging quarter for almost all risk assets, Decentralized Finance (DeFi) remained resilient throughout the volatility. Although Total Value Locked (TVL), which is the nominal value of crypto assets deposited within defined DeFi protocols, shed about one-third of its value at its January low point, the asset class is once again approaching new highs. Liquid Meta Capital Holdings Ltd. (NEO:LIQD) CEO, Jonathan Wiesblatt sat down with TDR to discuss the macro market and how his company is faring in these boom times.
Inline with the rebound in crypto and many risk assets, many DeFi tokens are once again on an upward trajectory. According to one measure as per Defi Llama, the sector TVL is just $27 billion below its previous high of $256 billion. The move has been led by triple-digit gains by the likes of THORChain (131.9%) and Aave (CRYPTO: AAVE), whose price has recently increased by 55.39%.
