Defi Nears $8 Billion in Market Cap

Defi Nears $8 Billion in Market Cap

Ethereum based decentralized finance is now worth $8 billion according to data from Coingeko, aa crypto markets stats page.

Defi is now worth about 20% of ethereum’s market cap which itself has reached $40 billion, with defi tokens handling some $1.4 billion in trading volumes for the past 24 hours.

This $8 billion however is just 2.3% of the global crypto market cap and less than 5% of bitcoin’s $206 billion market cap.


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