DeFi’s role in the market cap’s growth
DeFi-rooted stablecoins play a crucial role in the development of the ecosystem and currently account for nearly $10 billion of total market cap.
Thanks to achieved profits, total market cap has sharply increased, currently accounting for 2% of share in the global currency supply.
If 2020 was the year that DeFi witnessed its explosion, 2021 would be the year that it has grown and reinforced its position in the financial space. Thanks to the gradually increasing popularity of cryptocurrency and blockchain, more and more people join the digital asset space and this is good news for DeFi.
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