I also sometimes feel confused, why the Defi project can have a price above Bitcoin and Ethereum? Does someone know the reason why? Below is a list of Defi projects that have a price tag of over $10 000
Except yearn.finance most of the token's price is pegged to the price of bitcoin but on a different chain because of that, the price of those tokens are above 10k.
renBTC is the bitcoin on ren chain, sbtc is bitcoin for synthetix network and so on.