Its fully diluted market cap is $15.6 billion as not all AVAX coins are yet in circulation.Įthereum isn’t part of the DeFi market cap chart. For fully diluted market cap the max supply is used, which includes coins still locked and not yet released into circulation.įor example Avalanche (AVAX), the top DeFi coin by market cap (if wBTC isn’t counted) has a live market cap of $10.7 billion currently, even after the 2022 correction, ranked #12 in terms of all crypto coins on Coinmarketcap, and #1 within the list of DeFi coins. The live market capitalization of each individual DeFi project can be calculated by multiplying its native DeFi token price by the number of tokens in the circulating supply. The DeFi market cap chart above (via ) is charted separately to the rest of the crypto market cap as a way to measure only the valuation of DeFi protocols and the DeFi tokens that power them as native coins. LUNA is likely to recover from that black swan drop. The May 2022 Luna crash from $90 to $0.83 barely registers on the LUNA price chart.
That also shows the importance of having a diversified DeFi portfolio.ĮToro describes Theta as a decentralised blockchain powered network purpose built for video streaming.ĮToro describes AAVE as one of the largest emerging decentralised finance coins by market cap, an Ethereum-based currency that enables the creation of lending pools, allowing users to lend or borrow up to 17 different cryptocurrencies.ĮToro describes Fantom as a smart contract platform that aims to progress the scalability and transaction speed of blockchain and maintain cheap operating costs.ĮToro describes The Graph as a decentralised indexing protocol powering various applications in decentralised finance and throughout the Web3 ecosystem.įounded by Terraform Labs in 2018, eToro describes Terra as a layer 1 blockchain built on the Cosmos SDK and Tendermint Consensus that operates a suite of stablecoins.
Maker pumped 35% around the time of the LUNA crash to $0.83 – it has a similar use case and is essentially a competitor, so could be a good investment in the face of Terra losing credibility. The Maker (MKR) token helps stabilise the price of the DAI token at $1 and enable management of the Dai Credit System. AvalancheĮToro describes Avalanche as a smart contracts platform that uses a mechanism for securing blockchain networks.ĮToro describes Uniswap as an Ethereum based exchange that allows decentralised token swaps.ĮToro describes the DeFi use case of Chainlink as providing a communication platform for messaging and digital services in international finance, healthcare, retail, and logistics industries.ĮToro describes Tezos as a crypto asset similar to BTC and ETH in its use of smart contracts and blockchain tech but without the need for hard forks which have been an issue for many crypto coins.ĮToro describes the Maker platform as a decentralised autonomous organisation (DAO) on the Ethereum blockchain, and the framework for the DAI stablecoin. Another is to invest in low market cap DeFi coins that could be competitors to the more ‘blue chip’ DeFi projects and are undervalued compared to the rest of the DeFi ecosystem.īelow are some DeFi price charts for each of the top 10 DeFi coins by market capitalization, all of which are overdue for a bounce heading into 2023. One investing strategy is to buy high marketcap DeFi coins that are well established but still undervalued compared to BTC and ETH. DeFi Price – Charts of the Top DeFi Coins by Market Cap
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