The total value of stranded funds (TVL) on DeFi MakerDAO project smart contracts reaches $ 3.15 billion.

Indeed, the top three in the DeFi Pulse rankings include two other crypto-lending projects – Aave and Compound. By the way, the TVL of each of them is $ 2.18 billion. In addition, the largest decentralized exchange Uniswap is in fourth place.

The data: DeFi Pulse.

MakerDAO is one of the first to adopt DeFi. The project, founded in 2014, far from industry standards, opens up the possibility for users to block collateral in Ethereum in order to generate DAI – an algorithmic stablecoin. The latter eventually became one of the main components of the new financial system – the decentralized loan market.

In 2020, DAI’s capitalization has grown more than 20-fold thanks to the hype around DeFi.

DAI’s market capitalization momentum since early 2020. The data: CoinGecko.

In addition, the total TVL of DeFi projects has increased by about 20 times since the start of 2020, according to DeBank data.

Well done, you’ve read this entire article!

To congratulate you we are going to offer you our free method of investing in cryptocurrencies simply and automatically with the objective of generating regular income while protecting your capital as much as possible.

To access your giveaway, click here and register:


(Excerpt) Read more Here | 2021-01-03 11:45:19
Image credit: source


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.