DeFi Total Value Locked Hits All-Time High of $236 Billion

FN Media Group Presents Market Commentary


New York, NY – November 1, 2021 – The Decentralized Finance (DeFi) market made a massive rebound in October after a month-long lull, with total value locked (TVL) across leading protocols soaring to an all-time high of $236 billion. It seems that bullish sentiment is running high across the crypto market, with Bitcoin surging to an all-time high of $67,000 on October 21. At the same time, several DeFi coins and smart contract tokens are experiencing significant gains, creating an exciting opportunity for companies like WonderFi Technologies (NEO:WNDR) (OTC:WONDF), DeFi Technologies Inc. (NEO:DEFI) (OTC:DEFTF), Voyager Digital (TSX:VYGR) (OTCQX:VYGVF), Coinbase Global (NASDAQ:COIN), and HIVE Blockchain Technologies Ltd.(NASDAQ:HIVE) (TSXV:HIVE).


WonderFi Technologies (NEO:WNDR) (OTC:WONDF) has continued to solidify its position in the growing decentralized finance sector over the last couple of months. On November 1, the company announced its plans to purchase up to C$10 million in crypto and DeFi assets, targeting key assets that will provide long-term value.


WonderFi also just closed an upsized bought deal for roughly C$26.4 million, which the company intends to allocate to its product development roadmap and distribution of its products to a global audience, with a portion being allocated to growth of the Company’s digital asset portfolio.


Two weeks prior, WonderFi announced a partnership with DeFi Pulse Inc, a company that designs indexes for decentralized finance, to offer digital asset indexes through the WonderFi App. The DeFi Pulse Index includes the top DeFi assets available on Ethereum with significant usage and a commitment to ongoing maintenance and development.


Ben Samaroo, CEO of WonderFi commented, “Partnering with DeFi Pulse to offer this index through WonderFi aligns us with the leading index provider in the sector, and creates an opportunity for us to bring new index products to market with DeFi Pulse and Index Coop as the market matures”.


In addition, WonderFi Technologies is collaborating with Circle Internet Financial to offer Circle’s USD Coin (USDC) through the WonderFi app. The offer will help expand access to the world’s fastest-growing and dollar digital currency, which has over $31.2 billion in circulation and $1.1 trillion transferred on-chain to date. WonderFi said it intends to use USDC in its treasury management to optimize yield on unused working capital and cash reserves.


Kevin O’Leary, an investor in both WonderFi and Circle, stated, “Stablecoins like USDC are a key part of the growth of this industry, and it’s great to see industry leaders like Circle and WonderFi striving to provide better access.”


For more information on WonderFi Technologies (NEO:WNDR) (OTC:WONDF), please visit this link.


Decentralized Finance Companies Project Gains


DeFi Technologies’ (NEO:DEFI) (OTC:DEFTF) just announced that its subsidiary, Valour Inc., will be launching the Valour Uniswap ETP, which is the first-ever Valour Uniswap ETP, enabling investors to gain exposure to Uniswap ETP being offered to the investing public on traditional equity exchanges. With $4.8 billion in total liquidity currently in the platform, Uniswap is one of the largest and most-traded DeFi protocols.


Fast-growing US crypto platform Voyager Digital (TSX:VYGR) (OTCQX:VYGVF) just announced that it has secured final approval from the Autorité des marchés financiers (AMF) and the Autorité de contrôle prudentiel et de résolution (ACPR) to begin operations in Europe. Voyager is the first non-French and non-European company to receive this designation.


Crypto exchange platform Coinbase Global (NASDAQ:COIN) just announced that it is upsizing its previously announced debt offering to $2 billion due to market interest. The company intends to use the proceeds for general corporate purposes, which could include investments in product development, as well as investments or acquisitions in other companies, products or technologies.


Crypto mining company HIVE Blockchain Technologies Ltd. (NASDAQ:HIVE) (TSXV:HIVE) just announced its C$450,000 investment in Network Entertainment Inc, an award-winning media production company with an emerging non-fungible token (NFT) business.The investment follows Network Entertainment’s announcement of its plan to create and distribute NFTs by utilizing content and relationships from its library, as well as global partnerships, upcoming projects and third-party IP.


As WonderFi Technologies (NEO:WNDR) (OTC:WONDF) gears up for its brand expansion via its new partnerships, the DeFi sector’s recent success reassures there are exceptional gains ahead.


DISCLAIMER: (MSC) is the source of the Article and content set forth above.  References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.


The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of WonderFi Technologies Inc.




This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements.


Media Contact:
FN Media Group, LLC