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Total Value Locked In DeFi Exceeds $10 Billion, Marking 400% Growth Since July
Summary: Ethereum users have more than $10 billion locked in DeFi with Uniswap and Maker vying for the top spot for total value locked, according to data from DeFi Pulse. The amount of value locked in has increased by 400% since July. Three months ago there was only $1 billion value locked in DeFi. Nearly all ...
Ethereum users have more than $10 billion locked in DeFi with Uniswap and Maker vying for the top spot for total value locked, according to data from DeFi Pulse.
The amount of value locked in has increased by 400% since July. Three months ago there was only $1 billion value locked in DeFi. Nearly all of those funds are in Ethereum, contributing to a growing fee crisis and network congestion.
Almost half of the $10 billion locked in belongs to three top protocols: Uniswap, Maker and Aave. The DeFi sector is the fastest growing trend in crypto allowing users to access services offered in traditional finance like loans or earning interest without trusting a centralized institution.
By Emily Mason
Tags: Aave,DeFi,DeFi Pulse,Maker,Uniswap
Link: Total Value Locked In DeFi Exceeds $10 Billion, Marking 400% Growth Since July [Copy]
