Ethereum News

Defy’s market value is now over $ 100 billion


New data from Coin Geko shows that the market value of decentralized finance (DIFA) is about $ 128 billion. Uniswap, Chainlink, Avi and Cake digital currencies have the largest share.

to the the report CoinDesk, a Coin Bass exchange, cited Difai as one of his business rivals in a report released before the IPO. However, when it comes to defa, the volume of deposited currencies is more important for profit than the market value of the area.

Defy's market value is now over $ 100 billion

This measure, however, shows similar results, and currently more than $ 100 billion in assets are locked in Diff platforms.

The value locked in Ethereum-based Defy platforms is estimated at $ 66 billion, which has quadrupled since the beginning of this year. At the beginning of 2021, this was only $ 15 billion.

On the other hand, Defistation data show that the Bainance smart chain is reaching Ethereum with $ 38 billion in locked assets. Pancake swap has a big share in this smart chain.

The chart below shows the capital inflows into Ethereum Defy over the past year and a half. In this chart, this amount is compared with the inflows to the initial supply of coins in the years 2017 to 2018.

Difai is now worth more than $ 100 billion

The 2020 leap in the field of defense led to the title of “summer of defense”. This shows that the market is much bigger now.

In February 2020, Defy’s locked value exceeded $ 1 billion for the first time. After that, in September of that year (September 99), the locked value of Defy in Ethereum reached more than $ 10 billion. Earlier this month, $ 10 billion in capital was locked in the compound platform alone.

OneConfirmation’s Richard Chen released a chart stating that at least 2 million wallets had interacted with Diffie protocols. It can be concluded that this number belongs to about 1 million people. However, the exact estimate of this number is not so simple; But it should not be forgotten that many users enter the domain through third-party platforms.

Defy's market value is now over $ 100 billion

According to many, lending and receiving loans are among the economic topics that everyone is familiar with. In a recent report, ConsenSys published a chart referring to the turmoil around the lending market in Ethereum.

Difai is now worth more than $ 100 billion

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