The total market cap of the DeFi (decentralized finance) sector has skyrocketed by 100% in just 2 months to over $2B, according to data provided by analysis resource DeFiMarketCap.
The total market cap of the DeFi sector exceeded the $1B mark on April 14.
DeFiMarketCap currently includes more than 500 tokens from 18 different protocols. The largest project in the DeFi industry is Maker with a capitalization of over $550M, followed by 0x and Synthetix with $322M and $172M, respectively.
The volume of DeFi tokens locked into smart contracts has increased to $1B.
It has recently been known that ConsenSys has introduced a new tool to track the transactions and behavior of DeFi project users.
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