Abstract : While the cross-border protocols scenario is also up sharply compared to DeFi, the former is relatively quiet.
The aggregate data from ChainDD showed that the market capitalization of protocols and stablecoins with cross-border payment capability performed very well in the crypto market during the period of January 1, 2020 to February 9, 2021.
Specifically, the market capitalization of Ripple (XRP) has "only" increased by 150% among the major cross-border payment protocols due to its litigation dispute with SEC. Terra is up 3,299.64%, Reserve (REV) is up 1,079.84%, and Stellar (XLM) is up 846.06%.
In addition, among the mainstream dollar stablecoins (some of which have cross-border payment and transfer functions), USDC's market value increased by 1,155.67%; USDT increased by 599.92%. DUSD increased by 287.75% from the known data in October 2020 to February 9, 2020.
While the cross-border protocols scenario is also up sharply compared to DeFi, the former is relatively quiet. ChainDD has published an article "Why Would Cross-border Payment Protocols Trigger the Next Crypto Bull-run?", you can click here to check more details.