3 key reasons why the DeFi sector is booming again

Data from Messari shows that over the past 30 days, the majority of tokens listed on the site’s DeFi Assets index have rallied by more than 20%. A few standouts such as Maker’s MKR, Synthetic Network Token (SNX) and SushiSwap’s SUSHI gained more than 100% during the same time frame.

DeFi assets index. Source: Messari.io

From Jan. 1 to Jan. 9, the decentralized finance sector saw its total value locked (TVL) rise from $15.678 billion to a record-high $23.092 billion, and this recovery to a new all-time high came about four months after the DeFi bull market abruptly came to an end.