The crypto economy has jumped back above the $2 trillion mark after falling below that level in mid-January. Statistics show that the USD value of all 12,440 coins on 544 crypto exchanges is worth $2.08 trillion, up 5.2% in the last 24 hours. Crypto Economy Heads North, Passes $2 Trillion Mark Digital currency values have surged over the last week, which in turn has pushed the overall value of the entire crypto economy north. This means that more than $500 billion has been returned to the crypto economy following January’s market carnage. Statistics show that on the 24th…
The crypto economy has jumped back above the $2 trillion mark after falling below that level in mid-January. Statistics show that the USD value of all 12,440 coins on 544 crypto exchanges is worth $2.08 trillion, up 5.2% in the last 24 hours.
Digital currency values have surged over the past week, which in turn has driven the overall value of the entire crypto economy north. This means that more than $500 billion has been returned to the crypto economy following January’s market carnage. Statistics show that on January 24, 2022, the value of all cryptos in existence was around 1.5 trillion dollars. Since that day, the USD value of the crypto economy has increased by more than 36% 2.08 trillion dollars on February 7, 2022. During Bitcoin (BTC) dominates with 39.4%, Ethereum (ETH) The market cap is 17.9% of the $2 trillion value.
Coins that have helped push the value of the crypto economy north to over $2 trillion include Gala (GALA), Quant (QNT), Leo Token (LEO), Mina (MINA), Zcash (ZEC), Shiba Inu (SHIB), Near (NEAR), Ethereum classic ( ETC ), Osmosis (OSMO) and Decentraland (MANA). The aforementioned tokens have gained between 30.3% and 95.3% in value against the US dollar over the past seven days.
Privacy coins worth $10.6 billion rose 3.8% in the last day, while the net value of smart contract platforms ($691 billion) rose 3.3% in 24 hours. The $41.8 billion meme coin's assets rose 11.8% in the last day as Dogecoin and Shiba Inu gained between 7.1% and 24.1%. Additionally, the total value locked in Defi protocols (TVL) increased by 2% in the last day and rebounded upwards 220 billion dollars on Monday morning. Defi TVL from Ethereum dominated locked up by 61.17% or $134.92 billion in total value.
While the crypto economy has surged past $2 trillion – as numerous tokens posted significant gains and TVL in Defi rises – NFT sales have declined over the past week. Total revenue for the week was $967.5 million across 1,449,578 transactions and 309,418 merchants. The weekly newspaper The NFT sales metric is down 7.83% Compared to last week’s NFT sales, sales on Ethereum fell by 9.15%. However, the third and second largest blockchains by NFT sales are up this week as Solana's NFT sales increased by 5.69% and Avalanche's NFT sales increased by 36.34%.
With the crypto economy above the $2 trillion mark, it is now worth more than most market valuations. The USD value of all 12,440 coins would be just above that fourth most valuable global commodity Saudi Aramco (Tadawul: 2222 ) Market cap of $1.973 trillion. However, the market cap of the crypto economy is below the market caps of Gold (11,544t), Apple (2,813t) and Microsoft (2,293t). Bitcoins (BTC) Market capitalization is today ninth most valuable asset in terms of overall valuation with a market cap of $821.01 billion.
What do you think about the crypto economy crossing the $2 trillion mark? What do you think about Bitcoin being one of the top ten most valuable assets in the world? Let us know your thoughts on this topic in the comments section below.
Photo credit: Shutterstock, Pixabay, WikiCommons
Suche
Mein Konto