Monday, March 20, 2023
NEVERFOMOAGAIN
en English▼
X
ar Arabicen Englishfr Frenchde Germanpt Portugueseru Russianes Spanish
  • PASSIVE INCOME
    • How to Earn Cryptocurrencies for free ?
    • Play Games & apps to earn
  • Reviews
  • BLOCKCHAIN ACADEMY
  • TOP 10
  • News
No Result
View All Result
NEVERFOMOAGAIN
NEVERFOMOAGAIN
en English▼
X
ar Arabicen Englishfr Frenchde Germanpt Portugueseru Russianes Spanish
Home CryptoCurrency News

Ethereum Earned Global Investors $76.3B in Realized Gains Thanks to DeFi: Report

Andrew Asmakov by Andrew Asmakov
April 21, 2022
in CryptoCurrency News
Reading Time: 3 mins read
0
Ethereum Earned Global Investors $76.3B in Realized Gains Thanks to DeFi: Report
74
SHARES
1.2k
VIEWS
Share on FacebookShare on TwitterShare on Reddit


You might also like

Crypto Firms Answering Hong Kong’s Call for Web3 Leadership

‘No Intention of Keeping What Is Not Ours,’ Euler Finance Hacker Says

Polygon, Immutable Partner for New zkEVM Ethereum Gaming Network

While there’s been plenty of talk of Ethereum flipping Bitcoin in terms of market capitalization, the leading cryptocurrency is still firmly holding its ground, dominating as much as 41% of the entire crypto market.

However, there’s still reason to celebrate for Ethereum enthusiasts.

The second-largest cryptocurrency went ahead of Bitcoin in total realized gains in 2021, clinching a narrow win with $76.3 billion to Bitcoin’s $74.7 billion, according to a new report by blockchain forensic firm Chainalysis.

Realized gains are profits arising from selling any financial instrument, be it a share, commodity, or—depending on the jurisdiction—cryptocurrencies.

The reason for Ethereum’s narrow win? Decentralized finance.

“We believe this reflects increased demand for Ethereum as the result of DeFi’s rise in 2021, as most DeFi protocols are built on the Ethereum blockchain and use Ethereum as their primary currency,” reads the report.

According to a January report by CoinGecko, the market cap across the decentralized finance (DeFi) protocols grew by 7.5x from $20 billion to $150 billion in 2021, while its share of the crypto market has more than doubled from 2.8% to an all-time high of 6.5%.

It remains to be seen whether this trend will continue, however. DeFi Llama, a data dashboard tracking all things DeFi, shows that the number two crypto network enjoys a 54.43% market share of all activity.

This time last year, this figure was more than 70%.

The best of Decrypt straight to your inbox.

Get the top stories curated daily, weekly roundups & deep dives straight to your inbox.



Source link

Share30Tweet19Share
Andrew Asmakov

Andrew Asmakov

Recommended For You

Crypto Firms Answering Hong Kong’s Call for Web3 Leadership

by Mathew Di Salvo
March 20, 2023
0
Crypto Firms Answering Hong Kong's Call for Web3 Leadership

Hong Kong is accelerating toward its goal of becoming a global crypto hub, according to the region’s Secretary for Financial Services and the Treasury. In a Monday speech at...

Read more

‘No Intention of Keeping What Is Not Ours,’ Euler Finance Hacker Says

by Jason Nelson
March 20, 2023
0
‘No Intention of Keeping What Is Not Ours,’ Euler Finance Hacker Says

On Monday, the hacker behind last week’s nearly $200 million attack on Euler Finance sent a message to an Ethereum address linked to the DeFi platform, offering to...

Read more

Polygon, Immutable Partner for New zkEVM Ethereum Gaming Network

by Andrew Hayward
March 20, 2023
0
Polygon, Immutable Partner for New zkEVM Ethereum Gaming Network

Polygon and Immutable, both heavyweights in the Ethereum scaling space, are teaming up to create a new network designed specifically for Web3 gaming powered by Polygon’s anticipated zkEVM...

Read more

Coinbase Chief Legal Officer: What FTX Did Was ‘Flat-Out Fraud’

by Andrew Asmakov
March 20, 2023
0
Coinbase Chief Legal Officer: What FTX Did Was ‘Flat-Out Fraud’

Last year’s collapse of the crypto exchange FTX resulted in a tectonic shift for the industry.Undermined confidence in the nascent sector compounded by unprecedented regulatory scrutiny are just...

Read more

New Emails Show FTX Met With FDIC Months Before Its Collapse: Report

by Tim Hakki
March 20, 2023
0
Were You Rekt by FTX? This Website Connects You to Law Enforcement

A series of emails obtained by Protect the Public’s Trust and shared with the Washington Examiner show the now-defunct FTX attempted to curry favor with the FDIC by...

Read more
Next Post
NEAR Lending Project Bastion Raises $9M Series A Led By Three Arrows

NEAR Lending Project Bastion Raises $9M Series A Led By Three Arrows

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

four − two =

Support Us.

Donate

  • Donate withMetaMask
  • Donate With MetaMask

  • Donate withNano
  • Donate Nano

    Scan to Donate Nano to nano_38oxm7kwnysjeyz1mdcp9d5rrq55wyox3gm9ejeed3uhdieurwe4r3k39ntt

Cloud

#Avoid Crypto Scam #Banano #BAT #Bitcoin #Brave Browser #Coinbase #Coinbase Earn #CoinMarketCap #CoinMarketCap Earn #Counter-Strike: Global Offensive #Crypto App #Cryptocurrency Faucet #Cryptocurrency glossary #Cryptocurrency scam #Crypto redflags #CryptoRoyale #Crypto scam #Cryptos Wallet #Do Your Own Research #DYOR #DYOR Checklist #Earn Cryptocurrencies #Earning while browsing #Earn NFT #Folding@Home #Free cryptocurrencies #Free NFT #Hi Dollar #Just cause 2 #Learn Crypto #LIKE #Low-cap cryptocurrencies #NANO #NFT #PERP #Play to earn #PRE #Princeton University #Redflags #Review #ROY #Top 10 #URUS #xMOON #XMS
NEVERFOMOAGAIN

© 2021 By NEVERFOMOAGAIN - All rights reserved.

Navigate Site

  • Best Play to Earn Crypto games and Apps
  • Contact Us
  • Content licensing
  • Cryptocurrency News
  • Cryptocurrency Rankings
  • Home
  • How to Earn Cryptocurrencies for free ?
  • How to Learn about Crypto and Blockchain ?
  • Legal Information.
  • Privacy policy
  • Reviews
  • Terms & Conditions

Follow Us

No Result
View All Result
  • PASSIVE INCOME
    • How to Earn Cryptocurrencies for free ?
    • Play Games & apps to earn
  • Reviews
  • BLOCKCHAIN ACADEMY
  • TOP 10
  • News

© 2021 By NEVERFOMOAGAIN - All rights reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version