Value of digital shares in crypto apps rises to 300 million dollars

The value of digital shares in financial crypto services has surpassed 300 million dollars for the first time, equivalent to over 268 million euros. In just one year, the value of digital shares in DeFi has increased by approximately 25 times. Solana holds the largest share among all involved blockchains at 34.2 percent, amounting to about 92 million euros. This rapid growth brings risks, such as those related to providers, smart contracts, and the strong concentration on a few platforms. On October 15, there was nearly 280 million euros in digital shares in financial crypto applications, compared to about 10.5 million euros a year earlier. DeFi utilizes computer programs on a blockchain to facilitate financial services without intermediaries. The total value can fluctuate due to changing share prices and withdrawals. The ten largest protocols together hold 89 percent of the total, with Saturn at the top with approximately 45.5 million euros. By mid-October, the share of digital shares in financial blockchain apps had risen to about 8 percent of a market worth around 3.4 billion euros.

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