🔴DeFi Market Value Surpasses $1 Million
🔻The value of tokens in Decentralized Finance or DeFi has surpassed $1 million after the stock market crash in March that led to a liquidity crisis.
three-largest tokens represent over half of the total DeFi capitalization with Maker representing 28%, 0x (ZRX) comprising 16%, and Synthetix Network Token (SNX) totaling 11% of the DeFi market cap. Maker, Synthetix, and Compound represent 76% of all assets locked up, with $536.1 million. $703.3 million in assets are currently locked up in DeFi protocols with MakerDao representing 49%.
#defi
#token
#Maker
#Synthetix
#Compound_0x
🔻The value of tokens in Decentralized Finance or DeFi has surpassed $1 million after the stock market crash in March that led to a liquidity crisis.
three-largest tokens represent over half of the total DeFi capitalization with Maker representing 28%, 0x (ZRX) comprising 16%, and Synthetix Network Token (SNX) totaling 11% of the DeFi market cap. Maker, Synthetix, and Compound represent 76% of all assets locked up, with $536.1 million. $703.3 million in assets are currently locked up in DeFi protocols with MakerDao representing 49%.
#defi
#token
#Maker
#Synthetix
#Compound_0x
🟡 Public trust in banks and traditional banking system decreases day by day. To fill this void, Decentralized Finance or DeFi will step in. DeFi is a form of finance in which there is no need for intermediaries and centralized power.
#DeFi #Decentralized_Finance
#DeFi #Decentralized_Finance