The blockchain technology market is expected to grow to nearly $70 billion by 2026 ( MarketsandMarkets) Global blockchain spending is projected to almost triple to $19 billion by 2024. The following year (2019), global blockchain spending nearly doubled from $1.5 billion to $2.7 billion. Global blockchain spending surpassed $1 billion in 2018 - up from only $0.95 billion in 2017. Global blockchain spending has increased 7x over a four-year period ( Statista) As of April 2023, $51.5 billion of value is locked in decentralized finance. But is still much higher than only a few years ago.Īs of July 2020, an estimated $9.1 billion of value was locked in decentralized finance.īy December 2020, this figure had risen sharply to $25.2 billion. Investment in cryptocurrency is down from its late 2021 peak. The total value locked in decentralized finance has increased by over 5x since July 2020 ( DeFi Pulse) Today, there's $51.5 billion locked in DeFi. At the height of crypto and web3 interest in November of 2021, TVL reached over $100 million. Bitcoin has a market cap of around $800 billion.ĭeFi Growth Stats $51.5 billion in value is locked in DeFi platforms ( DeFiLlama)ĭeFi total value locked (TVL) has fluctuated over the last 12 months.The top three most valuable cryptocurrencies are each variations of Bitcoin.
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