Cryptocurrency Q&A
What is the market cap of DeFi?
What is the market cap of DeFi?
HanbokElegance
Mon Dec 30 2024
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7 answers
1611
The market cap of DeFi, or Decentralized Finance, refers to the total value locked (TVL) within the DeFi ecosystem. TVL represents the amount of assets deposited into various DeFi protocols and platforms, which enable financial services such as lending, borrowing, and trading without the need for traditional intermediaries like banks or brokerages. The market cap of DeFi has been rapidly growing in recent years, fueled by the increasing adoption of blockchain technology and the rise of cryptocurrencies.
7 answers
HanjiArtistry
Wed Jan 01 2025
Currently, the total market capitalization of DeFi stands at $110.67 billion.
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benjamin_stokes_astronomer
Wed Jan 01 2025
This figure indicates the combined value of all DeFi tokens and protocols.
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TimeRippleOcean
Wed Jan 01 2025
The daily change in the market cap is +0.16%, showcasing slight gains.
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DigitalBaron
Wed Jan 01 2025
Investors and traders are increasingly showing interest in DeFi.
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Martina
Wed Jan 01 2025
The Decentralized Finance (DeFi) market has seen significant growth in recent times.
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