DeFi Industry Growth 2021–2022
Mar 6, 2022
Let’s look back in 2021 and see where the DeFi industry was and where it is now!
What is DeFi?
Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services.
DeFi Statistics in 2021
Users: around 2 million
Volume: around 5 billion (on a daily basis)
DeFi Statistics in 2022
Users: around 3,5 million
Volume: more than 400 billion (on a daily basis)
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