Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: Riya143 on July 29, 2020, 07:23:56 AM
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With the value of funds locked in DeFi almost quadrupling in less than two months, the community is debating whether DeFi is in a bubble.
Data published by crypto market analytics firm Messari on July 29 indicates that the collective capitalization of the decentralized finance (DeFi) sector is equal to only 1.5% of the entire crypto capitalization.
According to Messari, the collective capitalization of every DeFi project put together is roughly $4.12 billion — less than that of the fifth-ranked crypto asset by market cap, Bitcoin Cash (BCH).
Watkins also noted that “literal meme coin” Dogecoin (DOGE) boasts a larger capitalization than every DeFi project with the exception of MakerDAO (MKR).
Read More: https://cointelegraph.com/news/messari-defi-can-continue-to-grow-as-useless-top-30-coins-wither