By Lucas Williams
As the demand for cryptocurrencies continues to grow larger, the decentralized finance (DeFi) sector seems to be benefiting the most from the trend. At present, the overall market capitalization of the decentralized finance sector is $186.626 billion. On the other hand, the overall 24-h trading volume of the decentralized finance sector is $15.66 billion.
However, it is the top decentralized finance cryptocurrencies that are generating the highest percentage of 24-hour trading volume compared to the rest of the assets.
In the list of decentralized finance cryptocurrencies with the highest 24-h trading volume, it is Avalanche (AVAX) that reportedly has the lead. At the time of writing, the 24-h trading volume of AVAX is $1.86 billion, which is almost 11.88% of the overall 24-hour trading volume of the decentralized finance sector.
The next decentralized finance asset on the list is Loopring (LRC) that is exhibiting a 24-h trading volume that is worth $1.18 billion. At the time of writing, the 24-h trading volume exhibited by LRC is 7.54% of the overall 24-hour trading volume of the decentralized finance sector.
The next decentralized finance asset in the list is Chainlink (LINK) which is exhibiting a 24-h trading volume that is worth $1.08 billion. At the time of writing, the 24-h trading volume exhibited by LINK is 6.89% of the overall 24-hour trading volume of the decentralized finance sector.
The next decentralized finance asset in the list is Dai (DAI) that is exhibiting a 24-h trading volume that is worth $749.82 million. At the time of writing, the 24-h trading volume exhibited by DAI is 4.78% of the overall 24-hour trading volume of the decentralized finance sector.
The next decentralized finance asset in the list is Wrapped Bitcoin (WBTC) that is exhibiting a 24-h trading volume that is worth $748.79 million. At the time of writing, the 24-h trading volume exhibited by WBTC is 4.77% of the overall 24-hour trading volume of the decentralized finance sector.
The next decentralized finance asset in the list is UMA (UMA) that is exhibiting a 24-h trading volume that is worth $694.44 million. At the time of writing, the 24-h trading volume exhibited by UMA is 4.43% of the overall 24-hour trading volume of the decentralized finance sector.
The next decentralized finance asset on the list is Terra (LUNA) that is exhibiting a 24-h trading volume that is worth $642.27 million. At the time of writing, the 24-h trading volume exhibited by LUNA is 4.10% of the overall 24-hour trading volume of the decentralized finance sector.
The next decentralized finance asset on the list is Fantom (FTM) that is exhibiting a 24-h trading volume that is worth $589.69 million. At the time of writing, the 24-h trading volume exhibited by FTM is 3.76% of the overall 24-hour trading volume of the decentralized finance sector.