Crypto Transaction Value Surpasses Billions
RWAs Onchain has released data showing that billions of dollars are moving towards trillions in cryptocurrency transactions.
The total value locked (TVL) on decentralized finance (DeFi) platforms has surpassed $200 billion, according to the report.
This milestone marks a significant increase from 2020, when the TVL was around $1 billion. The rapid growth is attributed to the increasing adoption of DeFi and its growing use cases.