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The amount of capital placed in the decentralized finance (DeFi) market is still far from competing with the top banks in the U.S.
The capitalization of the decentralized finance market puts the industry at No. 31 on the list of top banks in the U.S. in terms of capital. These are the conclusions reached by analysts at a16z crypto.
According to the published results of the study, JPMorgan Chase takes the top spot among banks with ~$3.1 trillion in customer funds. At the same time, DeFi market capitalization is just under $93 billion.
Researchers at cryptocurrency division a16z also found that the average earnings of artists in the NFT marketplace differ significantly from those of Web2 giants like YouTube or Spotify.
For example, the non-reciprocal token marketplace paid 22,400 artists a combined $3.9 billion in 2021, so the average payout was ~$174,000. By comparison, YouTube has 37 million users, and the total payout for 2021 was $15 billion, bringing the average YouTube check to ~$2.47 per channel.
The Ethereum network continues to be the leading platform in terms of active developers per month. For example, Ethereum has about 4,000 active developers per month, while its closest competitor, Solana, has just under 1,000. Bitcoin has about 500 active developers per month.
As a reminder, a16z crypto division launched a research division in late April. According to the initiative’s description, the new division, called a16z crypto research, will “work closely” with companies in which the firm has invested. Whether the latest report is the result of the research division remains unclear.
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