Within the 2600+ ERC20 tokens that Crystal now supports, 300+ are DeFi focussed.
AMSTERDAM, Aug. 5, 2021 /PRNewswire/ — Digital asset analytics platform Crystal Blockchain now provides AML compliance support for 300+ DeFi protocols; that’s the most decentralized coverage on the analytics market right now.
As we expand support of Ethereum (ETH) token transfers in our monitoring tool, we now provide support for 2600+ ERC-20 tokens on our platform. As part of this, we now support 300+ DeFi tokens including Aave (AAVE), 1inch (1INCH), and The Graph (GRT). We continue to provide even more ERC-20 token transfers for a more detailed transactional profile analysis.
The growing importance of DeFi analytics
The decentralized finance (DeFi) economy continues to build with 2.91m unique Ethereum addresses interacted with a DeFi protocol by the end of June 2021, This represented a 65% growth from the previous quarter, according to Cointelegraph. Growth is expected to continue.
The current top tokens Crystal supports (by market cap) are Aave (AAVE) the largest by market cap at $3,906m, followed by The Graph (GRT) at $2,953m, Fei Protocol (FEI) at $2,048m, Liquity USD (LUSD) at $727m, and last but not least, Neutrino USD (USDN) at $434m.
Total market capitalization for supported DeFi tokens on the Crystal analytics platform is now approximately $71.5b. For comparison, that’s the same as Tether’s (USDT) current market cap.
The current market cap for the DeFi sector is $91b – Crystal covers almost 80% of this volume. Crystal continues to increase its DeFi analytics coverage as the decentralized sector expands.
Contact the team at [email protected] to learn more about our analytics solutions.
Crystal is the world-leading all-in-one blockchain analytics tool for crypto AML compliance, providing blockchain analytics and crypto transaction monitoring for thousands of cryptocurrencies in real-time.
Crystal Blockchain works globally with customers in the digital asset industry, the banking, and FI sectors. We help streamline their Know Your Transaction (KYT) and Anti-Money Laundering (AML) procedures for meeting international compliance standards.
Available as a free demo version, SaaS, API, and for on-premise installation. Engineered by Bitfury.
Ana Diundina, Crystal Blockchain
SOURCE Crystal Blockchain