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.
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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.