Uniswap

DeFi Locked Size …

Navigation

Total value locked in DeFi marks new all time high close to $40B

DeFi Locked Size ...

The size of assets blocked in DeFi has updated a historical record
CONTENT

  • DeFi Locked Asset Continues To Break Records

  • This is happening against the backdrop of the growth of the Ethereum rate

  • In just one day, DeFi users poured into the industry an amount exceeding the entire size of the DeFi market in early 2020

International consortium of news organizations developing transparency standards.

Amid the bullish dynamics of the Ethereum rate, the indicator of all assets blocked in the DeFi industry (TVL) exceeded the $ 32 billion mark.

Ethereum (ETH) has launched an attack on new all-time highs, targeting the $ 1,700 mark. Such dynamics organically looks against the background of the general dynamics of the decentralized finance segment (DeFiDecentralized finance (DeFi) is financial services built on the basis of blockchain technology that offer users access to an open, efficient and … More), which continues to grow rapidly..

The DeFi industry is growing

DeFi Locked Size ...

The total size of all assets blocked in the DeFi protocols (TVL) has overcome the psychological barrier of $ 30 billion and approached the $ 32.5 billion mark, which is a new all-time high..

Source: DeFi Pulse

At the same time, active growth is observed on various DeFi platforms. Tokens such as UNI and AAVE have updated all-time highs. An increasing number of users are showing interest in this industry as a profitable alternative financial system for lending and obtaining loans..

At the same time, DeFi users are not deterred even by the record growth in transaction fees on the Ethereum blockchain..

Are you personally a member DeFi-industry? Share your opinion in the comments and join the discussion in our Telegram channel!

A year ago, the TVL indicator in the DeFi segment did not even reach $ 1 billion. Meanwhile, just a day earlier, the BeInCrypto editorial staff said that the TVL indicator was approaching $ 30 billion. Further, according to the results of yesterday, the increase was approximately $ 3 billion..

Thus, in just one day, the size of blocked assets increased by an amount exceeding the total size of the DeFi market just a year ago..

For the decentralization of finance!

DeFi Locked Size ...

There are a number of different reasons behind this dynamic. First of all, this is due to the social and economic difficulties that are now observed throughout the world. Decentralized finance offers people an attractive alternative to traditional schemes in the face of rising inflation and, in some cases, no access to a viable financial system at all.

DeFi projects offer users such traditional and demanded financial services as lending, deposits and currency exchange, staking, interest, but all this happens without the participation of intermediaries..

In addition, this new ecosystem also has additional value propositions. for instance, Maker DAO, one of the top DeFi platforms with nearly $ 6 billion in assets locked up, offers extremely favorable lending options. Thus, it gives all users the opportunity to become sovereign banks and to regulate their competitiveness in the segment of loans and generate interest rates..

Another prime example is the largest decentralized exchange (DEX) Uniswap, which by its very existence, practically alone, has eliminated the need for an ICO. Now any project can immediately become a liquidity provider as a market maker without having to achieve expensive listing of its tokens on centralized exchanges.

Read Also: Ten Most Promising DeFi Platforms of 2021

Disclaimer

All information contained on our website is published in good faith and objectivity, and for informational purposes only. The reader is solely responsible for any actions he takes based on the information received on our website..

Share Article

Similar articles

  • DeFi Blocked Size…

    DeFi Locked Asset Size Updated Historical Record CONTENT The DeFi Locked Asset Continues to Update…

  • 96% of transactions in the DeFi segment…

    96% of DeFi transactions are on the Ethereum blockchain CONTENTS DappRadar publishes Q3 DeFi ecosystem report 96% cumulative…

  • Shocking predictions for DeFi and Ethereum for 2021

    Shocking DeFi and Ethereum Predictions for 2021 CONTENTS Ethereum Will Set New Records in 2021 DeFi’s Total Locked Cost To Be Over…

  • Vitalik Buterin talks about the vulnerability of DeFi smart contracts

    Vitalik Buterin Speaks Vulnerability of DeFi Smart Contracts CONTENTS DeFi Smart Contracts Remain Vulnerable High DeFi Rewards To Go Soon…

  • DeFi accounts for nearly 90% of Ethereum transactions

    DeFi accounts for nearly 90% of Ethereum transactions CONTENT New DeFi Apps Grow 30x in 2020 According to DappRadar 10…

Similar articles