The Decentralized Finance (DeFi) ecosystem is heating up with a massive capital inflow. Most cryptocurrencies are experiencing price surges while investors lock up value on Web3 protocols.
Notably, the Total Value Locked (TVL) in DeFi is back to yearly highs of 2023 at $52.71 billion. Finbold retrieved this data from DefiLlama on December 9. The 24-hour volume was $4.45 billion by press time, and the total funding amount was $97.74 billion.
Total Value Locked in DeFi – USD. Source: DefiLlama
The world economies’ GDPs below DeFi’s value
Interestingly, the current TVL is higher than the top 91 countries’ GDP of 2023, according to Wikipedia’s list. In particular, Uganda 2023’s GDP is $52.39 billion, Tunisia’s $51.27, and Jordan’s $50.02.
Other countries in this top 100 economic list with lower GDP than DeFi’s total value locked are Cameroon, Bolivia, Latvia, Bahrain, Paraguay, Estonia, and Nepal.
List of countries by GDP (nominal in millions). Source: Wikipedia
“Gross
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