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3 metrics DeFi traders can watch to spot the next crypto bull market

November 17, 2023

The decentralized finance (DeFi) market has been one of the most exciting and volatile sectors in crypto outside of Bitcoin (BTC). In 2020, the DeFi sector experienced a bull market that saw the total value locked (TVL) in decentralized finance protocols surge from $1 billion to over $100 billion. However, the DeFi market has also been prone to significant corrections. In 2021, the DeFi market experienced a correction that saw the TVL fall from $100 billion to $40 billion.