Tag: 136B

NFT market well-positioned to grow 35% into a $13.6B industry by 2027

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Reflecting the growing interest in the non-fungible token (NFT) space among today’s investors, new research predicts that the existing $3 billion market size will reach $13.6 billion by the end of 2027. For the next five years, the key factors tied to the global NFT boom continue to factor in the growing involvement of mainstream influencers, gaming communities and the rising demand for digital artworks. Interestingly enough, research firm MarketsandMarkets envisions several other factors that will contribute to the explosive growth of the NFT market, including its increasing use cases…

Blockchain Bites: $16K BTC, $1B DAI, $13.6B TVL in DeFi

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MakerDAO’s DAI stablecoin is the latest crypto unicorn with a $1 billion market cap. DeFi’s total value locked hit a lifetime high. Hedge fund billionaire Ray Dalio said yesterday he isn’t keen on bitcoin; a few hours later, the cryptocurrency hit a three-year high.  Top shelf Cannot daiDai (DAI), MakerDAO’s dollar-pegged algorithmic stablecoin, reached a $1 billion market capitalization on Wednesday. While there are only 993 million DAI in circulation, its skewed peg of $1.01 has brought it above the milestone metric. “[I]t works, is here to stay, and is…

USD Value of Crypto Liquidity Locked in DeFi Sector Hits All-Time High of $13.6B

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This year has seen a lot of surprises in the sector as its previous all-time high of over $12 billion was recorded in October 2020. Following the recent bull-run of Bitcoin price, the US dollar equivalent of the crypto liquidity found in all the DeFi projects has hit an all-time high of $13.6 billion. Harvest Finance’s TVL has recorded a huge rise of 84% which is double of its rate in the last 24 hours. The percentage change took its US dollar amount from the recorded $473.5 million to $890…