Global Crypto Economy Holds Above the $2 Trillion Zone for 5 Consecutive Days
The crypto economy has managed to remain above the $2 trillion mark during the last five days since March 22. Currently, the global cryptocurrency market capitalization is 1.3% higher during the last 24 hours, as the valuation stands at $2.1 trillion today. Furthermore, the price of bitcoin jumped over the $46K zone on Sunday as well capturing an $870 billion market cap.
Digital Assets Gain This Week, Bitcoin Cracks $46K, TVL in Defi Holds Above $200 Billion
Digital currencies have gained in value during the last seven days and for five consecutive days, the crypto economy’s total value has held above $2 trillion. The last time the crypto economy was above the $2 trillion zone was during the first week of March.
During the last seven days, bitcoin (BTC)increased by 8.9% and ethereum (ETH) gained 8.5% against the U.S. dollar. Out of the top ten largest crypto market caps, cardano (ADA) saw the biggest seven-day gain with 26.5% this week.
The 13,421 crypto assets traded on 587 exchanges currently has a market valuation of $2.1 trillion and its risen 1.3% during the last day.
The biggest gainer during the last week was zilliqa (ZIL) jumped 148% this week, convex finance (CVX) spiked 53.2% higher, and vechain (VET) increased by 44.9% over the last seven days.
The top privacy coins by market valuation increased by 3.4% in 24 hours, and the top smart contract platform coins by market capitalization rose in value by 1.7% on Sunday. Furthermore, the top rebase tokens by market capitalization increased by 9% during the last 24 hours against the U.S. dollar.
While the value of the crypto economy is $2.1 trillion on Sunday, over the last day there’s been $78.5 billion in global trade volume on exchanges.
At the time of writing, bitcoin (BTC) has a market dominance of around 40.3% of the crypto economy’s value and ethereum (ETH) represents 18% of the $2.1 trillion. The stablecoin tether (USDT), which is the third-largest crypto market valuation, has a market dominance today of around 3.84%.
Out of the $78.5 billion in global trade volume on exchanges, $42.7 billion of those trades are swapped with stablecoins. The overall value of the stablecoin economy on Sunday is $188.9 billion.
In addition to the $2.1 trillion crypto economy, $216.58 billion is locked in decentralized finance (defi) protocols. The total value locked (TVL) in defi today has increased 1.04% in value during the last 24 hours. The largest defi protocols in terms of TVL include Curve Finance, Makerdao, Lido, Anchor, and Aave.