Decentralized Finance (DeFi) market capitalization has grown by 750% with the increasing interest and popularity in the cryptocurrency industry since the beginning of 2021.
Decentralized Finance (DeFi) refers to the ecosystem of financial applications developed on the blockchain base. The DeFi ecosystem uses decentralized networks and open source software to perform many different financial services and products.
DeFi Ecosystem Market Cap
2020 at the beginning of the year $1.73 billion DeFi ecosystem, which has a market value of approximately 21 billion dollars had reached market value.January 1, 2021 on $21.95 billion DeFi market cap with market cap, 2020-2021 Although the growth momentum between the years of 750% by rising December 28, 2021 by date $155.68 billion reached its market value and continued its growth. During the year $173.7 billion DeFi ecosystem, which reached the highest value of the ecosystem by seeing the market value, is among the ecosystems in the global crypto money market. 6.4% has market dominance.
Some projects contributed more to the growth of the ecosystem this year than others. One of the top ten projects in the ecosystem according to market value. 32.31 billion dollars ranked first by market value Terra (Luna) and $27.79 billion second place by market value Avalanche (AVAX), $155.68 billion DeFi market value 40%They make up close to . In the third place $12.76 billion with market value Wrapped Bitcoin (WBTC) is located.
Ecosystem Locked Total Asset (TVL) Value Leaders
The DeFi ecosystem has grown in all areas in 2021. January 1, 2021 on $18.71 billion invested in the ecosystem by investors who are TVL (total assets with lock) amount 1347% by increasing 2022Just a few days before $252.21 billion has risen. This value is the highest value it has seen during the year. $261.22 billion not too far from their level.
What comes to mind when it comes to decentralization Ethereum (ETH), contains the majority of the TVL amount found in the DeFi ecosystem. Ethereum (ETH), $157.37 billion approximate TVL of the ecosystem 62%It occupies a leading position. Second place in TVL value recently NEAR Protocol by breaking a record in TVL value after the agreement with Binance Smart Chain (BSC) leaving behind Terra (Luna) is located.
18.45 billion dollars Having the amount of TVL Terra (Luna)He made a name for himself with the works he carried out throughout the year. third place Binance Smart Chain (BSC) if $16.93 billion It embodies the TVL value.
The Ecosystem’s Most Profitable Projects
During this year, some projects in the ecosystem provided great gains to their investors. Being the leader of the ecosystem in terms of market value, Terra (Luna) managed to rank first with the income it provided to its investors. Terra (Luna), since the beginning of the year 13589% gained value. Another project that provides great income to its investors this year is 12517% appreciated Phantom (FTM) it happened. Chrona.tech (TIME), all year 10752% gained in value and found itself in the third place with the income it provided to its investors. in the DeFi ecosystem 2021 The project that lost the most value in 55% declining PEAKDEFI (PEAK) it happened.
Terra (Luna)
- Ranking: 9
- Price: $89.05
- 1-year change: 13589%
- Market cap: $32.31 billion
Phantom (FTM)
- Ranking: 34
- Price: $2.18
- 1-year change: 12517%
- Market cap: $5.53 billion
Chrona.tech (TIME)
- Ranking: 378
- Price: $203.27
- 1-year change: 10752
- Market cap: $114.31 million
Anyswap (ANY)
- Ranking: 261
- Price: $17.21
- 1-year change: 10625%
- Market cap: $320.69 million
Rari Governance Token (RGT)
- Ranking: 258
- Price: $27.96
- 1-year change: 8537%
- Market cap: $339.23 million
Circuits of Value (COVAL)
- Ranking: 311
- Price: $0.1111
- 1-year change: 8387%
- Market cap: $198.43 million
BakeryToken (BAKE)
- Ranking: 198
- Price: $1.18
- 1-year change: 7395%
- Market cap: $227.90 million
Telos (TLOS)
- Ranking: 332
- Price: 0.659
- 1-year change: 4142%
- Market cap: $178.01 million
Chromia (CHR)
- Ranking: 157
- Price: $0.7422
- 1-year change: 3108%
- Market cap: $421.10 million
Avalanche (AVAX)
- Ranking: 11
- Price: $114.22
- 1-year change: 3017%
- Market cap: $27.79 billion
*While this content is being prepared 28 December date datas basis. contained in the CoinGecko, CoinMarketCap and defecation data varies from minute to minute.