How does DeFi Pulse compare to other popular digital currencies in terms of market value?

1 answers

• Syed Azhar Hussain ShahAug 21, 2023 · 2 years ago
  DeFi Pulse is a popular platform that tracks the TVL in various DeFi protocols. While it provides insights into the growth of the DeFi ecosystem, it's not directly comparable to other digital currencies in terms of market value. Digital currencies like Bitcoin and Ethereum have their market capitalizations, which represent the total value of their circulating supply. On the other hand, DeFi Pulse measures the TVL in DeFi protocols, which represents the amount of assets locked in these protocols. Therefore, it's not appropriate to compare the market value of DeFi Pulse to that of individual digital currencies like Bitcoin or Ethereum.
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