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Cryptocurrency exchanges currently hold approximately $65 billion in on-boarded assets.
The metric reflects how much cryptocurrencies are available for collateral in smart contracts, demonstrating the scale of decentralized finance.
The programmable blockchain space is one of the fastest growing and most competitive as protocols race to improve their security, scale and transaction speed.
These protocols aim to replace traditional centralized infrastructure across the spectrum with decentralized platforms that would allow users to avoid the use of third parties.