Defi’s Market Cap Surpasses $3 Billion

defi abstract july 5 2020

40 financial projects that run on top of ethereum are now worth a combined $3.3 billion according to data by Coinmarketcap. Compound leads at half a billion with Maker not far behind, the two so accounting for 1/3rd of the total defi market cap. Balancer is in third position and here we’ve manually entered their market cap as their circulating supply is unknown. Thus we based it on current price and total supply. Kyber has been mooning recently as they’re launching staking and a DAO governance layer this Tuesday, taking 4th position. ox is not getting much love in social fora but the market is valuing them at quarter of a billion for this crypto broker/exchange. The circulating supply for dForce is not known either, with this also manually calculated based on total supply. They’re a VC backed project that plans to be an aggregator of sorts for all the…

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