Exchanges is the largest industry group under DeFi with 33 assets and a market cap of $12.1 billion. Within exchanges, UNI, RUNE, CRV, CAKE, and 1INCH are among the top 10 in the industry by market capitalization. DAO is the second largest industry group below DeFi with 16 assets and a market cap of $3.3 billion. Three of the sector’s top 10 assets belong to the DAO industry group, with MKR being the largest, followed by CRV and LDO. Credit Platform has 17 assets with a combined market cap of $3.2 billion, with AAVE being the largest. Derivatives has 16 assets with a combined market cap of $2.6 billion, with PAXG being the largest. Yield has 14 assets with a market cap of $1.6 billion, with CVX being the only one in the sector’s top 10.
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