According to CoinGecko, decentralized finance (defi) tokens still have a market cap of over $14 billion and represent 3.8% of all cryptocurrencies and 33% of the value of its own Ethereum (ETH) network ($42 billion), despite a 25% drop this past week. Chainlink (LINK) leads the way at $3.7 billion (29% defi dominance), followed by Wrapped Bitcoin (WBTC) at $1 billion, DAI (DAI) at $900k, AAVE (LEND) at $688k, Maker (MKR) at $592k, UMA (UMA) at $505k, and newer projects like yearn.finance (YFI) at $492k, Synthetic (SNX) at $43k, Uniswap (UNI) at $328k, and Ox (ZRX) at $298k to round out the top-10. While this $12 billion market cap is impressive, it was 25% higher before on October 7 as Sushi (SUSHI) and UNI dropped 50% and 38% (respectively), and YFI shedded 31% of its market cap over the same period. The defi gold rush has pushed the Ethereum network to its limits, as investors complain of higher congestion and transaction costs relative to other blockchains. But the importance of smart contracts to handle a plethora of financial services—like stablecoins, collateralized loans, yield farming/arbitrage, fund management, and wrapping Bitcoin and other assets inside ERC-20 tokens—has made the defi space irresistible to investors. Also fueling the defi rage is its more favorable interest rates (APR) and yields (APY) compared to traditional banks. Defi tokens have clear advantages in speed, lower operating costs, better automation, lower regulation, more transparency, and higher security due to their decentralized nature.