DeFi Breaks Out As AAVE, Compound (COMP), Kava and More Outperform Bitcoin (BTC)

A slew of decentralized finance (DeFi) projects skyrocketed this past week, outperforming Bitcoin’s (BTC) already-bullish price action. Several of the surging DeFi altcoins started to retrace on Monday, however. Aave (AAVE), a lending and borrowing DeFi protocol, is up over 27% in the past seven days but down by nearly 1.