As such, DeFi’s TVL is currently roughly twice the capitalization of the third cryptoasset Binance Coin, nearly a third of the market capitalization of Ethereum, and on par with the capitalization of global company Snap Inc (NYSE: SNAP). , the company behind Snapchat.
According to data aggregator DeFi Llama, currently nearly $ 79 billion in assets are locked in decentralized financial protocols.
DeFi’s Total Locked Value Breaks New Record As BSC-Powered Protocols Totaled Billions
PancakeSwap (CAKE) aims to take a slice of Uniswap’s domain in the DeFi space
Most of TVL’s growth over the past week appears to have been driven by a handful of platforms, with only three of the 10 largest protocols in the industry seeing growth.
