$104,619.00
0.23%$2,535.62
-0.47%$2.40
-1.24%$655.47
-1.14%$175.50
-1.95%$0.999974
0.00%$0.237801
-3.41%$0.816681
-0.65%$0.267391
0.90%$2,528.45
-0.66%$4.14
-1.41%$104,522.00
0.41%$17.24
0.86%$3,053.30
0.16%$25.08
-1.40%$0.310602
-1.91%$0.00001622
-1.83%$1.27
62.94%$0.209478
-3.31%$3.45
-2.51%$24.74
-6.32%$411.13
-3.86%$1.00
0.01%$5.13
-0.77%$8.32
1.24%$101.29
-3.87%$2,538.18
-0.29%$334.73
2.63%$0.00001417
5.83%$2,706.82
-0.18%$4.93
0.01%$0.997831
-0.21%$104,813.00
0.41%$1.00
0.05%$30.16
0.03%$7.00
-4.37%$474.82
2.07%$3.18
-4.48%$5.95
-3.12%$1.058
-2.06%$221.71
-1.60%$55.62
-0.02%$5.83
1.17%$0.118332
6.23%$20.12
-1.64%$1.00
0.00%$1.051
-0.00%$0.099408
-4.49%$14.01
-2.03%$5.37
-1.10%$34.14
-4.04%$0.03164351
-1.07%$0.80085
2.00%$21.95
-1.96%$0.422008
-1.07%$5.34
0.27%$0.258504
-4.13%$0.867786
-2.52%$0.45578
-3.39%$1.004
0.39%$3.17
-2.05%$104,146.00
0.81%$0.242279
-3.44%$3.24
-0.75%$1.17
0.06%$0.591309
-2.34%$4.36
-0.27%$1.29
0.36%$0.00002268
-0.57%$0.573375
-1.42%$4.60
-0.78%$1.007
-5.42%$1,839.63
-1.63%$2,536.14
-0.24%$1.00
0.24%$0.877916
-4.59%$99.34
-0.65%$2,638.29
-0.42%$184.00
-2.09%$2.18
9.15%$11.33
0.53%$0.921332
-0.88%$1.36
-3.16%$0.264216
-0.54%$0.725692
-4.79%$13.36
0.26%$0.01971274
-3.90%$4.74
-10.03%$1.28
-0.50%$0.075695
-3.30%$2,876.06
-0.45%$104,544.00
0.49%$0.120411
-1.71%$0.999132
-0.08%$0.788852
-2.35%$0.00010589
-0.48%$1.006
-2.53%$1.11
-2.51%$0.02213774
-0.05%$0.965869
4.87%$2,699.32
-0.60%$655.44
-1.16%$227.02
-1.58%$0.01929166
-1.29%$0.999697
-0.01%$3.17
-3.18%$0.01438858
-1.55%$0.999075
0.05%$194.36
-1.74%$0.360783
-0.26%$0.689177
5.80%$0.086677
-0.54%$104,603.00
0.38%$0.852533
-1.19%$41.88
-4.83%$2.46
-1.34%$105,257.00
2.08%$0.00000082
1.31%$2,651.43
-0.45%$3,270.23
-1.61%$13.97
0.14%$104,032.00
0.04%$23.73
-0.94%$1.00
-0.00%$0.250637
-5.00%$3,277.36
-1.46%$0.81274
1.11%$4.05
-4.48%$0.735367
-0.18%$0.125199
-0.54%$45.59
5.29%$0.459434
0.04%$2,652.84
-0.08%$0.673695
-1.04%$0.369504
-2.27%$2.09
-1.18%$0.188048
-1.91%$3.98
-1.34%$0.998195
0.04%$1.80
4.96%$0.998797
0.02%$0.74643
-1.78%$0.01822844
-0.85%$0.238875
-3.35%$0.508739
-2.27%$1.11
2.11%$0.01017455
-2.43%$0.184604
-0.66%$0.00614272
-3.33%$0.716284
-4.54%$19.63
-1.09%$2,540.25
-0.30%$111.00
0.00%$8.30
-3.31%$2,539.19
-0.28%$0.674773
-0.56%$2,687.58
-0.75%$0.490772
-1.49%$0.213128
1.31%$104,624.00
0.58%$0.535695
-0.74%$0.210574
-9.38%$2,597.75
-1.46%$4.30
-6.32%$3.14
0.32%$7.12
-4.58%$0.0986
-4.80%$0.00002507
-0.75%$0.999968
0.01%$0.998669
-0.01%$0.00934815
0.06%$104,102.00
0.14%$0.104329
-0.83%$102,642.00
0.84%$0.0484185
-1.09%$0.703436
-1.72%$0.999998
0.01%$0.064162
-1.35%$0.00000116
-5.41%$2,532.98
-0.62%$1.65
0.61%$1.83
-0.16%$2,530.68
-0.07%$48.12
-1.01%$0.00000044
2.51%$1.45
2.88%$1.62
-2.52%$0.00622991
2.52%$0.423551
20.41%$0.258684
-4.11%$0.159929
-2.01%$1.73
-3.39%$1.096
0.00%$0.422142
-5.61%$1.003
-0.72%$0.366807
3.91%$0.199634
9.24%$0.419902
-7.26%$0.873523
-2.11%$104,450.00
1.53%$0.00452361
-1.86%$0.00006984
-0.45%$0.00380393
-2.96%$0.01949177
0.42%$0.89859
0.96%$0.03781153
-1.35%$33.97
0.32%$0.37028
-2.76%$0.999911
-0.17%$2,682.99
0.09%$0.295798
0.06%$4.33
-6.64%$139.04
-1.77%$1.00
0.01%$21.55
-0.29%$2,791.69
-0.19%$0.03757541
0.48%$25.02
-1.58%$0.748784
-1.70%$3.02
-1.12%$2,761.68
-0.31%$104,645.00
0.25%$0.237032
-1.38%$0.563278
-0.74%$0.00363275
0.83%$0.999582
-0.09%$2,538.62
-0.42%$24.73
-5.79%$0.999471
-0.09%$0.00000156
-11.75%$2,738.95
-0.16%$1.00
0.02%$18.96
-2.35%$0.00298188
0.38%$1.099
-0.08%$1.095
-1.00%$24.79
-0.73%$2,512.06
-1.44%$0.00
1.29%$0.0007099
10.07%$0.73333
0.52%$0.87412
0.48%$0.276873
-7.74%$0.59435
-0.61%$0.290425
-1.58%$0.0147462
-0.74%$0.04118774
-0.99%$3.48
-2.25%Reading
The total market capitalization of all decentralized finance (DeFi) tokens has exceeded $45 billion today, according to crypto metrics platform CoinGecko.
Market capitalization is an asset’s current price multiplied by its total supply—a metric that lets you compare multiple coins that have wildly varying supplies. In other words, this means that all DeFi-specific tokens combined are worth over $45.5 billion at press time.
“DeFi total market cap. 2020 was at $2 billion. 2021 now at $43 billion,” CoinGecko tweeted yesterday.
DeFi total market cap
2020 was at $2 billion
2021 now at $43 billion👉 https://t.co/7yZOe3FgNe pic.twitter.com/HKisdgiLkh
— CoinGecko (@coingecko) January 24, 2021
Evidently, the DeFi ecosystem grew by another $2 billion in terms of its market cap since then—in just one day. During the same period, the total daily trading volume of DeFi tokens exceeded $12 billion.
Over the past week, for example, many DeFi tokens have seen significant price surges, thus contributing to the total market cap’s growth. Out of the top 10 assets, Uniswap (UNI) and AAVE showed the most notable results, both increasing in price by roughly 40% in the last seven days, according to CoinGecko. Other coins rose even faster, with DODO and Alpha Finance each doubling in the last seven days.
As Decrypt reported, Ethereum’s decentralized finance sector exploded in mid-2020, surging from $700 million locked in DeFi smart contracts at the beginning of the year to $15 billion on December 31. This is the amount of cryptocurrency that’s used with the various DeFi protocols, such as for lending or borrowing. And it looks like DeFi’s growth is continuing to skyrocket in 2021.
During January alone, the total value locked on DeFi platforms has already increased by $11 billion, reaching over $26.2 billion today, according to DeFi Pulse.
However, CoinGecko’s data shows that DeFi tokens’ combined price currently amounts to only a fraction (4.6% to be precise) of the total market cap for all cryptocurrencies—which hovers around $1 trillion.
However, considering DeFi’s somewhat chaotic nature (and the tendency to get hacked regularly), some users are skeptical toward the ecosystem—but even they acknowledge that there is still a lot of room for this “bubble” to grow.
Defi dominance...
Look how early we are...https://t.co/Qwuna8HYea
4.5%
I refuse to believe that this is anywhere close to the top of the bubble.
— 0x_Infinitum (@CryptoMessiah) January 24, 2021
“Defi dominance… Look how early we are… 4.5% I refuse to believe that this is anywhere close to the top of the bubble,” wrote Twitter user CryptoMessiah.
Considering the pace at which the DeFi market is growing, that’s still an impressive bubble.
Digital assets may be firmly in the mainstream, with institutional involvement and a crypto-friendly president in the White House. But hackers and fraudsters are having a field day so far this year. Crypto users have lost over $1.7 billion to these groups—already 14% more than 2024’s total losses of $1.49 billion, according to blockchain security firm Immunefi. In the same period last year, losses totaled $420 million, the firm said. The report comes amid ongoing concerns about the vulnerabil...
Libre, a regulated real-world asset platform, and the TON Foundation have launched a $500 million tokenized fund on The Open Network, aiming to bring Telegram’s $2.4 billion in corporate debt onto the blockchain for the first time. Dubbed the Telegram Bond Fund, the product allows institutional and accredited investors to gain exposure to Telegram’s outstanding bonds directly through the TON blockchain, according to a statement shared with Decrypt. The fund will also participate in future Telegr...
Solana decentralized exchange Raydium has deployed its native token launchpad, which is designed to rival the popular Pump.fun. This comes almost a month after Pump.fun deployed its own decentralized exchange, cutting ties with Raydium in the process. LaunchLab by Raydium offers a more sophisticated token creation process, compared to Pump.fun’s simplistic approach. The new launchpad allows for deployers to toy with the token supply, how many tokens will be sold on the bonding curve, and how muc...
