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 $46,000, TVL in Defi Holds Over $200 Billion
Digital currencies have risen in value over the past seven days and for five consecutive days the total value of the crypto-economy has held above $2 trillion. The last time the crypto-economy surpassed 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 have a market valuation of $2.1 trillion and their increase of 1.3% over the past 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.
Top privacy coins by market valuation rose 3.4% in 24 hours, and top smart contract platform coins by market cap rose 1.7% on Sunday. Additionally, the major rebase tokens by market capitalization are up 9% in the last 24 hours against the US 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) dominates the market by around 40.3% of the value of the crypto-economy and ethereum (ETH) accounts for 18% of the $2.1 trillion. The stablecoin tether (USDT), which is the third largest valuation in the crypto market, today dominates the market by 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. Total value locked (TVL) in defi today has increased by 1.04% in value over the past 24 hours. The biggest challenge protocols in terms of TVL include Curve Finance, Makerdao, Lido, Anchor, and Aave.
