DeFi's total market value exceeds $ 15 billion.

According to recent data released by the Gecko Coin Statistics Center, DeFi (decentralized finance) venture capital is now over $ 15 billion.

Historical data shows that the market value of DeFi has increased significantly. DeFi stores hit $ 11 billion on August 9, $ 13 billion on August 12, and $ 15 billion in four days. As of August 16, DeFi had a market capitalization of $ 15.1 billion.

The large increase can be attributed to the Oracle Chainlink project, which accounts for 49.2% of DeFi's total market value. Chainlink is up almost every week, with 24-hour rate hikes hovering around 13% this week. In terms of market value, Chainlink is currently the 5th largest cryptocurrency by market value and the only DeFi-only cryptocurrency.

To be clear, market value is the supply of tokens of equal value. The total cost of operating DeFi represents the total cost of operating each DeFi operation. This contrasts with DeFi's Total Locked Value (TVL), which is a statistical data representing the value of encrypted locking devices in DeFi smart contracts, the most popular being loan contracts. The total fixed value of DeFi contracts rose from $ 5 billion on Friday to nearly $ 6 billion.

DeFi's further increase in market capitalization and overall price stability indicates that the current bull market is not over.