DeFi Industry Grows Despite Market Conditions

Although the crypto money industry has gone through tough market conditions like last year, the number of investors involved in the market continues to increase. According to new data released by market research firm Statista in the past weeks DeFi industry has made great progress in the last 5 years.

According to month-end figures, while the number of wallets in the DeFi market was only 189 in December 2017, this figure has exceeded 6 and a half million today.

A recovery has been observed in cryptocurrencies since the first day of 2023. bitcoin While it gained 38% in value in about 1 month, 35 thousand people joined the DeFi sector according to the data.

Statista researchers emphasized that the actual number may be less than it should be due to the possibility that a person may use different crypto addresses.

Researcher Raynor de Best made the following statement after the report:

“The DeFi industry is not under any official government control. For this reason, our only source of data on market size consists of on-chain data. We especially monitor the activities on the Ethereum network.”

Cryptocurrencies Are Spreading

Data released last week at the World Economic Forum in Davos, Switzerland, show that the adoption of cryptocurrencies is on the rise.

According to the data, while the number of crypto money holders was 300 million in January 2022, this figure has reached 425 million today.

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