What is the DeFi in cryptocurrencies?

In the cryptocurrency market there is a rising attention to the DeFi – in the meaning of Decentralised Finance. It refers to the Ethereum based smart contracts as financial services that skips any kind of intermediaries like banks, lawyers and based on the blockchain technology instead.

From September, 2017 the total amount of locked up money in DeFi was $2.1 million USD. This value exploded to $6.9 BILLION until this years september.

The top list of DeFi-s by Market cap

List of DeFi tokens by market cap
Marketcap#CoinPriceVolume (24h)SupplyChangeLast 24h
$ 7.01 B15
chainlink
Chainlink
LINK
$ 15.89$ 664.38 M440.51 M3.20%
$ 6.30 B16
wrapped-bitcoin
Wrapped Bitcoin
WBTC
$ 32,388.00$ 243.90 M194.58 K1.25%
$ 5.23 B20
dai
Dai
DAI
$ 1.00$ 265.94 M5.23 B0.13%
$ 1.03 B77
yearn-finance
yearn.finance
YFI
$ 28,892.00$ 145.75 M35.63 K3.11%
$ 509.71 M108
uma
UMA
UMA
$ 8.22$ 18.32 M61.99 M1.65%

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