OKEx DeFi Market Report: DeFi Total Market Cap Reaches $641.10 Billion as WGRT Defies Bearish Trend

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Market Overview

According to OKEx statistics, the total market capitalization of DeFi projects stands at $641.10 billion**, with a **total TVL (Total Value Locked) of $782.50 billion.

Key Trends

Spotlight: WGRT’s Performance

Despite the bearish market, WGRT showcased remarkable resilience on the OKEx platform, attracting trader interest due to its unique utility in decentralized credit systems.


Layer 2 Expansion Updates

OKEx recently added support for Polygon (MATIC), Celer Network (CELR), and SKALE (SKL) to its Layer 2 Concept Section, enhancing cross-chain interoperability and scalability options for traders.

👉 Explore Layer 2 Innovations


FAQ Section

Q1: What factors contributed to WGRT’s price stability?
A1: WGRT’s robust protocol design and OKEx’s liquidity support helped mitigate volatility.

Q2: How does TVL differ from market cap in DeFi?
A2: TVL measures assets locked in protocols (e.g., staking), while market cap reflects token valuation.

Q3: Why invest in Layer 2 tokens like MATIC?
A3: They address Ethereum’s congestion issues, offering faster/cheaper transactions.


Conclusion

The DeFi sector remains dynamic, with OKEx emerging as a hub for high-potential tokens. Strategic listings (e.g., WGRT, MATIC) and data-driven insights empower traders to navigate volatile markets.

👉 Dive Deeper into DeFi Trends

Keywords: DeFi market cap, OKEx, WGRT, Layer 2 tokens, MATIC, TVL, decentralized finance


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