image by Zoltan Tasi

Our 15 selected projects average is down at 0.34 from last month 0.37 (i.e. $0.34 market cap for every $1 (TVL) value locked.

The following 3 projects have below average ratios at 2 Oct and we’ve included the data from Sep as reference: $CRV, $COMP and $BAL. YFI is a worthy mention, going from a MCap/TVL ratio of 0.3 to 0.23 in October.

From a market cap. perspective, $UNI is still way out ahead, with $CRV showing strength.

TVL chart shows a consistent increase in assets locked up on $AAVE, $CRV, $COMP and $MKR. Outside of these 4 projects, DeFi assets also seem to be flowing to $BAL.

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