DeFi and NFT Market Growth
DeFi (Decentralized Finance)
According to DeFi Pulse (https://defipulse.com), there is currently over $60 billion USD of total value locked (TVL) in the DeFi ecosystem, up 60X in the last 12 months from just $1 billion USD.
NFTs (Non-fungible Tokens)
According to the Q1 2021 report at www.NonFungible.com, Q1 2021 has seen more than $2 billion USD traded value in NFTs, 20X the volume traded over Q4 2020, and a mind-blowing 131X the YOY change from Q1 2020. Of course, the most dramatic example of the explosion in the NFT space is the recent record-setting Christie’s auction of Beeple’s EVERYDAYS: THE FIRST 5000 DAYS on March 11th.
Last modified 5mo ago
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