DeFi market capitalization approached $15 billion

by in DeFi News

DeFi

The value of digital assets "locked" in the DeFi market could exceed $ 20 billion by the end of the year.

Recently, the capitalization of tokens "locked" in the decentralized finance market exceeded $ 15 billion. Then there was a slight decline, and now the total value of the ecosystem's assets is just over $ 14.69 billion.

According to DeFiPulse.com, the top three largest projects include Maker, WBTC, and Compound, whose capitalization now exceeds $ 2.65 billion, $ 2.19 billion, and $ 1.69 billion, respectively.

The UniSwap token (UNI), which for a long time held the first place, has now dropped to the fifth line. The capitalization of this digital currency is about $ 1.34 billion.

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Observers predict further growth in the value of DeFi tokens. Moreover, they do not exclude a scenario in which the capitalization of the decentralized finance market will reach $ 20 billion by the end of 2020.

The DeFiPulse team highlights: "It has been a year of rapid growth for DeFi, and at the same rate, reaching the $ 20 billion milestones by the end of 2020 is more than realistic."

Last week, the best performers were IDLE (+ 400%), COVER (+ 150%), FARM (+16%), INDEX (18%) and COMP (13.8%) tokens.

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The CryptoRank report states that ChainLink was the top-selling DeFi token in November. The trading volume of this digital currency jumped to $ 14.91 billion.