DeFi is so hot, but the overall volume is only like the earth in the solar system

特邀专栏作者

2020-07-29 15:05 (UTC+8)

This article is about 620 words, reading the full article takes about 1 minutes

The total market value of DeFi accounts for only 1.5% of the entire cryptocurrency market, but DeFi does not need new capital inflows, all it needs is a reallocation of capital.

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The total market value of DeFi accounts for only 1.5% of the entire cryptocurrency market, but DeFi does not need new capital inflows, all it needs is a reallocation of capital.

Editor's Note: This article comes fromChain News ChainNews (ID: chainnewscom), by Ryan Watkins, Messari Research Analyst, translated by Lu Jiangfei, published with permission.

Editor's Note: This article comes from

Chain News ChainNews (ID: chainnewscom)

, by Ryan Watkins, Messari Research Analyst, translated by Lu Jiangfei, published with permission.

The full value of what we call the DeFi market is actually not as high as the respective market caps of Ripple (XRP) and Bitcoin Cash (BCH). Although the DeFi industry has developed rapidly in the past few months, its prospects are still not big enough.

Compared with all publicly traded Layer 1 projects other than Bitcoin and Ethereum, the gap between DeFi is also very obvious. The current total value of DeFi is an order of magnitude smaller than these projects, and the current total value of Layer 1 cryptocurrency projects is 45.7 billion US dollars.

However, in addition to Bitcoin and Ethereum, there are also many cryptocurrencies among the top 30 cryptocurrencies by market value that are not worth mentioning. Some first-generation cryptocurrencies are useless, and there are many so-called "Ethereum killers" and obsolete items.