The cryptocurrency used on UniSwap - the UNI token - reached a market cap that was twice that of THORChain's RUNE coin. Indeed, the main DeFi protocols focus on currency exchange rather than lending - with Uniswap's market cap being higher than most. This is in line with figures from a different source that try to compare the DeFi TVL across multiple segments and blockchains: The market size of both decentralized exchanges and lending platforms were much higher than, for example, decentralized insurance in 2022.
Market capitalization of the 25 biggest cryptocurrencies used in Decentralized Finance (DeFi) as of March 14, 2022
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Messari. (March 14, 2022). Market capitalization of the 25 biggest cryptocurrencies used in Decentralized Finance (DeFi) as of March 14, 2022 [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/1296148/defi-market-cap-of-various-protocols/
Messari. "Market capitalization of the 25 biggest cryptocurrencies used in Decentralized Finance (DeFi) as of March 14, 2022." Chart. March 14, 2022. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/1296148/defi-market-cap-of-various-protocols/
Messari. (2022). Market capitalization of the 25 biggest cryptocurrencies used in Decentralized Finance (DeFi) as of March 14, 2022. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/1296148/defi-market-cap-of-various-protocols/
Messari. "Market Capitalization of The 25 Biggest Cryptocurrencies Used in Decentralized Finance (Defi) as of March 14, 2022." Statista, Statista Inc., 14 Mar 2022, https://www.statista.com/statistics/1296148/defi-market-cap-of-various-protocols/
Messari, Market capitalization of the 25 biggest cryptocurrencies used in Decentralized Finance (DeFi) as of March 14, 2022 Statista, https://www.statista.com/statistics/1296148/defi-market-cap-of-various-protocols/ (last visited October 31, 2024)
Market capitalization of the 25 biggest cryptocurrencies used in Decentralized Finance (DeFi) as of March 14, 2022 [Graph], Messari, March 14, 2022. [Online]. Available: https://www.statista.com/statistics/1296148/defi-market-cap-of-various-protocols/
