DeFi Space is Growing: Total Market Cap Overturns $15 Billion

DeFi total market capitalization exceeded $15 billion mark.

Decentralized finance (DeFi) protocols, often likened to the ICO boom in 2017, continue to grow. Finally, DeFi total market capitalization exceeded $15 billion.

According to data provided by CoinGecko, the total volume of the DeFi market today broke a record, exceeding $15 billion mark. We can say that this increase is quite impressive because the DeFi market volume was $11 billion just a week ago. The point reached represents an increase of almost 50 percent.

It is worth noting that the biggest share in this increase belongs to Chainlink and its native token LINK. With its market volume approaching $7 billion and its record-breaking price every day, LINK, which has become the favorite of investors, is having a dream year. The crypto currency, which started the year with a price of $1.78, is trading just above $19 at the time of publishing. In just the last 24 hours, $2 billion worth of LINK has been traded. The Chainlink price also broke the all-time record at $19.85 today.

Chainlink hits ATH
Chainlink hits ATH. Source: TradingView

TVL in DeFi protocols exceeded $6 billion

Pretty impressive data continue to come by the total locked-value statistics. Yesterday Aave caught $1 billion and Curve has achieved this today. The decentralized exchange (DEX) continues its impressive journey.

According to data provided by DeFiPulse, the total value locked in DeFi protocols has exceeded $6 billion. Curve alone accounts for 24 percent of the total trade volume in DeFi’s.

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Disclaimer: The information in the content is not an investment advice. Author and coinalways.com are not responsible for your profit or loss. Every investment involves risks and requires knowledge.

Coin Journo
The young talent, who works in various media organizations and reticulate the industry, has carried his experience to the crypto. Co-founder @ Coin Always.

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