DeFi Is Now a $100B Sector

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As the Coinbase public listing approached, a lot of analysts were looking for a $100 billion valuation. The cryptocurrency exchange founded by Brian Armstrong and Fred Ehrsam hit that mark briefly after listing, but COIN has settled down to a less-rarified valuation.
Meanwhile, CoinGecko calculates a total market capitalization of $128 billion for decentralized finance (DeFi), the corner of the cryptocurrency industry that represents a wide range of lending, trading and betting activities carried out almost entirely on blockchain networks using tokens as proceeds and collateral. The top five tokens on CoinGecko’s list are UNI, LINK, LUNA, AAVE and CAKE.
The following chart is from a CoinGecko page that tracks the combined market cap of all DeFi tokens. Source