Decentralized finance (defi) and smart contract platform tokens rallied on Monday morning (ET) and the total value locked in defi jumped above the $40 billion zone for the first time since mid-December 2022. The top smart contract platform coins by market capitalization increased 7.1% on January 9, 2023, and most have seen double-digit gains over the last week.
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Cryptocurrency markets have been positive at the start of the second week of 2023, as the entire crypto economy has increased 3.6% to $893 billion on Monday around 11:00 a.m. (ET). Smart contract platform tokens have seen a 7.1% rise to $274 billion, which equates to roughly 30.68% of the entire crypto economy. Out of the top five smart contract platform coins, Solana (SOL) saw the biggest gain, rising 24.2% in 24 hours.
Cardano (ADA) followed, with ADA increasing by 11.7% over the last day. Ethereum (ETH) is up 5.1%, BNB 5.5%, and polygon (MAT
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