Last year was pivotal for decentralized finance (DeFi), particularly in the insurance sector, where a new report suggests that $34.4 million was given out in DeFi insurance claims.
Overall, the industry in 2022 saw on-chain DeFi insurance providers sell 19,839 policies, with 552 claims and 379 payouts to date, according to data published on March 20 via OpenCover, an organization that works with a variety of DeFi insurance providers to produce the report.
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