Welcome to Uphold’s Up of the Day. Please note, this is NOT financial advice.

It’s Presidents Day in the US, so trading will likely be subdued as stock exchanges are closed, but DeFi never closes. 

So we’re taking notice of some major DeFi players like Aave, Compound and MakerDAO, all of which have great-looking charts and good volume, with Compound being up 20% at one point just yesterday. 

It’s also worth noting that the total value locked in lending and borrowing protocols is rising quickly.

More and more companies are using the flexibility and cost savings of DeFi, with Arbitrum, Optimism, and Metis also being in this corner. 

But what’s your favorite DeFi play? Leave us a note down in the comments.

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Uphold's Up of the Day - February 20, 2023

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