$92,954.00
6.79%$1,751.75
11.16%$2.21
6.75%$612.21
2.71%$147.87
8.55%$0.999933
0.00%$0.178776
13.07%$0.671645
8.38%$0.247569
0.55%$1,751.89
11.20%$92,909.00
6.79%$22.02
11.02%$14.03
7.40%$2.64
20.28%$9.03
-1.16%$0.264581
5.24%$0.00001358
10.15%$3.07
6.07%$0.179332
6.24%$2,103.56
11.34%$0.999853
-0.00%$360.85
5.10%$84.08
8.24%$19.02
5.40%$4.01
5.60%$4.56
2.77%$1.00
0.06%$0.999456
-0.00%$1,752.94
11.25%$0.64687
1.89%$224.37
4.21%$28.48
1.05%$1,867.60
11.20%$0.00000879
13.29%$92,886.00
6.84%$5.79
9.90%$5.21
5.50%$52.22
2.42%$23.69
3.53%$334.23
7.35%$0.914888
7.65%$2.39
7.06%$5.02
4.87%$32.84
0.59%$16.66
6.58%$0.091147
11.19%$1.049
0.07%$1.00
0.00%$0.093643
11.77%$157.21
10.77%$4.51
3.17%$0.692835
4.34%$0.02523306
7.13%$1.17
0.04%$4.32
5.84%$92,823.00
6.78%$0.218001
9.34%$9.12
10.01%$4.23
-0.03%$0.208193
7.67%$2.69
3.65%$0.319181
10.98%$2.78
8.25%$0.631178
2.70%$0.504104
11.35%$0.999426
0.11%$0.319603
6.67%$4.07
5.16%$92,822.00
6.81%$10.16
3.66%$154.96
8.87%$0.437836
8.91%$0.816185
15.49%$0.736695
4.72%$1,444.14
7.51%$0.075561
5.59%$0.0000151
23.35%$1.15
23.11%$1.097
6.70%$0.829628
8.25%$1,752.50
11.22%$0.01652971
2.38%$1,825.40
11.21%$0.668648
5.21%$0.553917
18.62%$68.33
3.09%$3.56
-2.61%$0.187665
6.62%$0.686851
17.39%$9.25
6.92%$1.00
0.03%$15.48
7.72%$0.999803
-0.03%$0.0891
7.59%$0.999853
0.01%$1,973.35
11.20%$3,339.07
-3.36%$1.00
0.04%$612.44
2.76%$92,162.00
6.67%$3,340.43
-3.32%$2.60
16.20%$190.06
8.58%$92,883.00
6.79%$0.01664354
7.78%$0.01508533
7.71%$163.06
8.52%$0.291559
7.88%$3.88
14.47%$0.779909
9.49%$0.18528
10.13%$0.117896
9.71%$1,860.72
10.96%$0.678458
7.63%$0.997558
-0.04%$0.662457
0.01%$0.01891751
13.28%$0.00006551
13.92%$0.00000064
3.98%$93,345.00
8.00%$0.999491
0.04%$0.390142
5.91%$30.85
7.25%$1.11
0.95%$1.86
11.94%$2.00
3.66%$0.311644
3.02%$0.00632369
18.12%$0.456558
9.61%$0.231697
2.26%$3.45
6.99%$0.533297
7.40%$1,833.35
11.27%$0.148997
6.20%$16.18
9.88%$0.545663
7.22%$32.37
3.44%$0.502211
15.88%$0.00875715
7.15%$0.998243
-0.06%$0.522587
18.79%$90,174.00
5.98%$0.625786
5.72%$0.067051
-3.38%$0.436475
6.24%$92,904.00
6.84%$0.999898
0.00%$1.68
4.83%$1.31
7.28%$0.178986
13.41%$0.999898
0.00%$88,321.00
0.00%$1,817.08
10.58%$0.00002189
6.69%$0.666674
16.92%$0.04359165
24.33%$110.78
0.01%$1,751.49
11.23%$0.00000043
1.03%$14.98
7.23%$92,788.00
6.88%$1.99
-2.87%$0.142477
4.65%$5.85
5.70%$1.003
0.39%$1.084
0.01%$3.67
6.53%$0.00640837
28.14%$6.03
7.27%$2.45
7.67%$0.076607
5.85%$0.489909
5.90%$1,750.35
11.16%$0.03986761
7.02%$42.47
6.70%$0.218241
9.30%$1,750.91
11.15%$1,862.08
11.18%$1,752.28
11.11%$0.99934
-0.05%$0.080055
3.31%$1.00
-0.01%$0.447542
13.25%$21.87
0.23%$0.30443
12.85%$0.175411
3.12%$0.00670318
5.36%$0.999422
-0.13%$0.563608
9.59%$0.00006313
4.32%$0.00407023
5.45%$0.816279
5.65%$0.01720966
0.24%$0.335887
31.46%$1.003
0.64%$0.130254
45.87%$0.999584
-0.02%$1,786.11
12.16%$0.0315877
1.64%$0.117714
-0.99%$0.31939
5.06%$2.70
8.45%$92,798.00
6.67%$0.999947
-0.07%$0.140174
0.08%$111.99
6.29%$3.61
5.26%$0.234411
8.54%$0.681397
-4.80%$1.16
7.04%$26.00
6.61%$92,463.00
5.93%$0.00000138
8.64%$1,732.68
11.22%$0.617971
13.72%$0.999129
-0.04%$0.61012
6.74%$0.27019
2.57%$0.269931
20.00%$22.00
5.50%$3,187.04
-0.00%$0.0004435
7.16%$2.80
2.15%$1,848.85
11.27%$0.03711257
3.96%$1,752.87
11.22%$0.111293
7.69%$0.184286
5.94%$22.02
11.04%$1,865.61
6.76%$0.500075
4.83%$0.01260381
6.98%$0.00279132
13.15%$0.435658
4.84%$0.02889477
4.21%$0.714984
8.09%$3.05
18.15%$14.57
5.04%$0.996716
8.40%$1.00
0.07%$0.90591
9.24%$1.00
0.02%$2.87
12.64%$1,918.38
11.22%$92,821.00
7.09%$2.21
5.34%$1,905.71
11.21%$1.13
-1.64%Reading
DeFi tokenstokens are so hot right now.
The total market cap for decentralized finance (DeFi) products crossed the $2 billion mark over the weekend, just weeks after the initial DeFi Market Cap launch measured the total at just over $1 billion.
Well, that was quick! All your Google searches in the past 24 hours paid off 🎢
Introducing a more detailed Google featured snippet for #DeFi Market Cap 💸 https://t.co/jVOniOJTto pic.twitter.com/YVUVF1ktcX
— DeFi Market Cap 🎢 (@defimarketcap) June 5, 2020
The doubling of the combined value of tokens connected to DeFi projects is another sign that the industry is rapidly expanding in value as users look for ways to receive loans and earn interest outside the control of bankers and legacy financial institutions.
DeFiMarketCap measures the total value of tokens connected to DeFi projects and protocols like Maker and Compound. By contrast, measurements of Total Value Locked tracked by sites like DeFi Pulse record the value of assets such as ETH and DAI used in the operations of DeFi apps for activities like providing liquidityliquidity and securing loans.
DeFi product tokens gain value by being used as a part of some function of a given protocol. For example, Maker’s MKR token is used to keep the price of DAI stable at $1 as the only currency that can be used to pay for transactions in the Maker ecosystem. Earlier in the year, Maker was forced to auction off MKR tokens for DAI to cover bad debt accumulated during the March market crash.
Maker protocol makes up more than a quarter of the total DeFi market cap with a total of more than $550 million, followed by 0x protocol with $322 million and Synthetix at $172 million.
Other popular DeFi products have their market caps spread across multiple tokens—interest bearing tokens tied to ETH or USDC on the Aave lending dapp have a total market cap of over $176 million, while Compound tokens combine for a total of nearly $134 million. DeFiMarketCap lists over 500 tokens across 18 protocols.
A new contender has entered the ring to compete with the likes of DeFi Pulse and CoinMarketCap, adding a fresh data view to the world of decentralized finance (DeFi). Analytics website DeFiMarketCap launched on Monday—a project developed by the team behind DeFi investment aggregator Zerion. The site provides information on the top DeFi tokens by market capitalization, along with other common metrics such as price and circulating supply. It’s very much like industry staple CoinMarketCap, only it’...
DeFiMarketCap was developed by the minds behind the Zerion DeFi interface and was launched April 13 with around 230 tokens listed. The site offers a DeFi focused alternative to Coin Market Cap, the popular token information site recently acquired by Binance in a move some suspect enabled the exchange to obfuscate data about potentially suspicious trading volumes.
SatLayer, a Bitcoin restaking platform, announced Wednesday it’s extending Bitcoin’s use in decentralized finance to Sui, the speedy layer-1 blockchain launched last year. With Sui’s focus on fast transaction speeds, SatLayer’s integration will enable developers to leverage Bitcoin’s $2.1 trillion footprint in building DeFi applications, which aim to exclude third parties from transactions in areas like trading and lending, SatLayer said in a statement. Sui’s network is already home to a budding...
It's been a big week of DeFi news for the Donald Trump-backed crypto venture, World Liberty Financial (WLFI). Earlier this week, the project expanded its portfolio with $5 million worth of investment in three major assets: Ethereum (ETH), Chainlink (LINK), and Aave (AAVE). The acquisitions include 2,631 ETH at $3,801 each, 41,335 LINK at $24.2, and 3,357 AAVE at $297.8, according to on-chain analytics platform Lookonchain. The purchases mark WLFI’s first foray into LINK and AAVE, diversifying it...
Crypto yield marketplace Superform announced Wednesday the launch of SuperUSDC, a product billed as a “set and forget” opportunity for earning high yield on Circle’s stablecoin. Since its launch in early access this year, the platform has functioned as a decentralized marketplace for yield protocols. Projects can list vaults on Superform, which are linked to yield opportunities on Ethereum as well as dedicated scaling solutions like Arbitrum or Base. SuperUSDC offers DeFi users “automated, non...
