The Cryptocurrency Market: An Overview
Global Market Cap Surges
The global crypto market cap has experienced a significant increase of 258T in the past day, representing a substantial 125% surge. This market cap growth indicates the overall value of all cryptocurrencies combined has witnessed unprecedented growth.
Trading Volume Declines
While the market cap has grown, the total crypto market volume over the last 24 hours has witnessed a 0.49% decrease, reaching 630.5B. This decline in trading volume suggests a slowdown in the trading activity of cryptocurrencies.
DeFi Market Share
The total volume in the DeFi sector currently stands at 73.7B, accounting for approximately 11.69% of the total crypto market. This highlights the growing significance of decentralized finance in the cryptocurrency landscape.
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