Just for now, the decentralized finance sector currently represents only 0.1% of its maximum potential, and its significant growth is inevitable, so DeFi's future volume several times the current market volume is visible!
Since setting a record of the highest market capitalization of $2.9 trillion last November, the cryptocurrency market has slowly started to lose its previous traction due to both internal and external pressure. The booming cryptocurrency market has deepened international regulation of the sector and products. These include the mining ban issued by the Chinese government and the implementation of legislation in several countries in the cryptocurrency space and the gradual stabilization of the global pandemic. The tightening monetary policies from central banks and the SEC's constant signals to raise interest rates are creating obstacles to the growth of the cryptocurrency market. After falling to the $1.5 trillion market cap level on January 24, the overall cryptocurrency market cap currently stands at $1.9 trillion, shrinking close to a trillion dollars in market cap compared to its peak.