Here are a couple of charts to give some perspective on what Defi is turning into.
First, this is the total market cap of all the Defi tokens on TradingView. The cap was around $25B on Jan 1. You can see what it's at now, despite a couple bad days in the market.
That's over $125B if you can't read it.
This is CoinGecko's measurement of Total Value Locked (TVL) in their list of Defi coins, as well as a comparison to ETH.
Pretty crazy the wealth being generated. And it's obviously only getting bigger, although that chart looks a little bit like a double top....
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$125B 😮 Another mountain is getting created in the chart 🚀
DeFi is the future of finance and it is only going to go up.
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Yes and keep in mind a lot of stuff is not in there. Cubfinance really does not appear on any of these listings.
Certainly, nothing on Hive makes the list even though we have some robust DeFI taking place.
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That's true. I am sure many of these offerings don't even make it to the total count.
Hive can become a fast & feeless DeFi option for many if we get enough footage.
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I don't even know about all the DeFi options on Hive. There are a lot of options around and more coming up. Lots of potential
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Over the next year, we will likely see those numbers triple from where they are now.
It is amazing the pace of growth of DeFi.
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That's assuming the bull market continues. As you can see from the chart, the whole Defi market took a beating when Bitcoin dropped. As much as people don't want to see it, Bitcoin is still the king of crypto. As it goes, so go the markets. When it takes a 50% drop, hundreds of billions of dollars leave the market. Just the way it is. Personally, I think it's going to continue to be this way until the "halvings" get down to fractions of a Bitcoin. At least 2 more cycles....
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It's going to be interesting to see that. I'm really glad I learned about crypto and DeFi earlier this year because I think it won't take much longer for things to really start to take off
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Incredible.
I think it's going to be a bumpy road as the chart shows, but the trend is up to the moon!
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