DeFi protocols such as Gamma have experienced a surge in popularity in recent months as investors flock to their generous yields. Across the industry, total locked value (TVL) has surged to $64.24 billion, with high yields and non-custodial structure among the attractions.
Likewise, Gamma has seen an impressive surge with TVL more than doubling in the past month alone. This growth has been driven by the protocol's native token GAMMA, which offers holders a variable yield of 7.04%. This yield, coupled with bullish sentiment across the DeFi sector and the token's success since the start of the year, when its price bottomed at $0.07, has seen the protocol's market cap and fully diluted value (FDV) surge.
Furthering its mass appeal, Gamma offers individuals a passive yield as well as an added product of consultation and backtested strategies for DAOs, Web3 companies and treasuries. In a bid to optimize their liquidity and yields many investors have been seeking out non-custodial protocols such as Gamma, making them one of the fastest growing yield products in 2021. By utilizing their protocols and tokens, the amount of money locked in DeFi has soared to almost $65 billion, making Gamma and other yield-focused protocols more desirable than ever.
Wyatt Alvarez
- 2023-04-17
Gamma Vaults to New Heights as DeFi Sector Soars
Gamma is among the fastest-growing yield protocols of 2021, thanks to its passive yield, attractive market cap and added value products. DeFi sector has seen an impressive surge and the amount of money locked in it has soared to almost $65 billion.
![CandleFocus Gamma-NonCustodial-YieldProtocols-DeFi-TVL](https://images.candlefocus.com/Gamma-Vaults-to-New-Heights-as-DeFi-Sector-Soars.jpg)