Inside the 2600+ ERC20 tokens that Crystal now helps, 300+ are DeFi focussed.
AMSTERDAM, Aug. 5, 2021 /PRNewswire/ — Digital asset analytics platform Crystal Blockchain now offers AML compliance help for 300+ DeFi protocols; that is essentially the most decentralized protection on the analytics market proper now.
As we increase help of Ethereum (ETH) token transfers in our monitoring device, we now present help for 2600+ ERC-20 tokens on our platform. As a part of this, we now help 300+ DeFi tokens together with Aave (AAVE), 1inch (1INCH), and The Graph (GRT). We proceed to offer much more ERC-20 token transfers for a extra detailed transactional profile evaluation.
The rising significance of DeFi analytics
The decentralized finance (DeFi) financial system continues to construct with 2.91m distinctive Ethereum addresses interacted with a DeFi protocol by the tip of June 2021, This represented a 65% progress from the earlier quarter, in accordance with Cointelegraph. Progress is predicted to proceed.
The present prime tokens Crystal helps (by market cap) are Aave (AAVE) the most important by market cap at $3,906m, adopted by The Graph (GRT) at $2,953m, Fei Protocol (FEI) at $2,048m, Liquity USD (LUSD) at $727m, and final however not least, Neutrino USD (USDN) at $434m.
Complete market capitalization for supported DeFi tokens on the Crystal analytics platform is now roughly $71.5b. For comparability, that is the identical as Tether’s (USDT) present market cap.
The present market cap for the DeFi sector is $91b – Crystal covers virtually 80% of this quantity. Crystal continues to extend its DeFi analytics protection because the decentralized sector expands.
Contact the group at [email protected] to be taught extra about our analytics options.
Crystal is the world-leading all-in-one blockchain analytics device for crypto AML compliance, offering blockchain analytics and crypto transaction monitoring for 1000’s of cryptocurrencies in real-time.
Crystal Blockchain works globally with clients within the digital asset business, the banking, and FI sectors. We assist streamline their Know Your Transaction (KYT) and Anti-Cash Laundering (AML) procedures for assembly worldwide compliance requirements.
Obtainable as a free demo model, SaaS, API, and for on-premise set up. Engineered by Bitfury.
Ana Diundina, Crystal Blockchain
SOURCE Crystal Blockchain