DeFi Market Cap Is Estimated At More Than $129000 Million

DeFi Market Cap is estimated at more than USD 129,000 million. At least 2 million wallets have already interacted with DeFi protocols.

Cryptocurrency analytics firm CoinGecko published this week that it estimates a total market capitalization of more than $ 128 billion for decentralized finance (DeFi) , the corner of the cryptocurrency industry that represents a wide range of lending, trading activities. and bets made almost entirely on blockchain networks using tokens as income and collateral.

CoinGecko established that the Market Cap of DeFi or Decentralized Finance , financial services that are built on distributed networks without central intermediaries, is exactly USD 129,219,915,112.96 (as of Friday, May 30, 2021) with a total volume of operations of USD 14,258,705,738.96 in the last 24 hours.

Another important piece of information that was released this week is that at least 2 million wallets have already interacted with DeFi protocols. This probably means that roughly more than a million people , maybe even close to two?

Work and use decentralized finance applications. Although the exact number of participants cannot be established, the important thing is that the amount of money that changes hands shows that these applications are real businesses.

For its part, the Crypto Fees site has been tracking usage fees charged on different DeFi apps : Uniswap, SushiSwap, and Compound show a seven-day average of daily fees charged ranging from $ 1 million to $ 4 million.

DeFi Market Cap is estimated at more than USD 129,000 million. At least 2 million wallets have already interacted with DeFi protocols.

Cryptocurrency analytics firm CoinGecko published this week that it estimates a total market capitalization of more than $ 128 billion for decentralized finance (DeFi) , the corner of the cryptocurrency industry that represents a wide range of lending, trading activities. and bets made almost entirely on blockchain networks using tokens as income and collateral.

CoinGecko established that the Market Cap of DeFi or Decentralized Finance , financial services that are built on distributed networks without central intermediaries, is exactly USD 129,219,915,112.96 (as of Friday, May 30, 2021) with a total volume of operations of USD 14,258,705,738.96 in the last 24 hours.

Another important piece of information that was released this week is that at least 2 million wallets have already interacted with DeFi protocols. This probably means that roughly more than a million people , maybe even close to two?

Work and use decentralized finance applications. Although the exact number of participants cannot be established, the important thing is that the amount of money that changes hands shows that these applications are real businesses.

For its part, the Crypto Fees site has been tracking usage fees charged on different DeFi apps : Uniswap, SushiSwap, and Compound show a seven-day average of daily fees charged ranging from $ 1 million to $ 4 million.

Sam Brad

The Great Writer and The Passionate Poet As Well, He Graduated from University Of Florida in Journalism and Brad have around 12 years of experience in news and media section.