In brief
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$122,130.00
3.59%$3,048.47
3.06%$2.95
5.87%$701.66
1.93%$167.79
3.65%$0.999903
0.00%$0.208999
5.36%$0.304308
0.98%$3,046.16
3.00%$0.764732
5.52%$49.74
4.31%$122,011.00
3.69%$0.496862
14.53%$3.89
13.34%$3,680.36
4.38%$16.23
6.72%$0.251788
18.98%$517.33
2.07%$22.02
4.32%$9.03
-0.51%$0.00001408
6.46%$3,265.24
3.03%$3,048.14
3.06%$3.05
1.61%$97.61
3.83%$0.999845
0.00%$46.44
0.62%$346.76
3.72%$4.18
6.01%$1.001
0.13%$122,296.00
3.75%$9.28
9.46%$0.00001314
6.23%$1.001
0.02%$4.51
3.04%$325.04
7.61%$428.89
10.01%$0.473163
0.43%$0.109819
7.05%$5.19
5.73%$2.69
7.35%$1.18
0.04%$5.66
5.00%$0.944319
6.79%$49.49
1.42%$204.23
3.63%$19.16
5.17%$1.00
0.00%$0.29422
29.86%$0.70407
7.58%$0.089508
5.00%$0.357338
8.98%$4.84
4.36%$1.059
0.03%$1.001
0.12%$0.02568713
6.65%$0.241789
5.35%$0.00002799
11.71%$0.430095
5.63%$3.93
7.71%$9.92
2.70%$0.751731
5.02%$0.351536
8.88%$4.50
0.16%$1.11
7.18%$16.08
0.53%$0.03003749
30.63%$3,052.01
3.22%$2.68
4.98%$122,063.00
3.84%$119.71
5.57%$0.079609
2.55%$178.83
4.09%$0.528706
9.86%$4.82
2.07%$1.62
6.79%$11.49
1.08%$3,194.15
3.00%$0.99805
-0.03%$1.001
0.09%$3,477.38
3.14%$4.76
8.63%$2.01
6.55%$1.41
13.23%$1.001
0.09%$0.082093
15.83%$1.31
2.93%$0.840389
10.59%$13.05
4.43%$0.01763501
4.33%$0.697862
6.88%$0.376198
6.63%$1.83
6.57%$3,271.80
3.32%$3,201.86
2.99%$122,024.00
3.74%$1.089
11.43%$1.00
0.00%$0.55721
7.18%$0.104505
7.08%$3,212.71
3.11%$1.00
0.05%$0.00010226
5.23%$121,992.00
3.79%$0.610973
3.00%$0.694827
11.43%$0.16065
2.49%$3,347.83
-0.10%$1.11
0.02%$703.09
2.16%$11.55
0.91%$3,294.22
3.16%$118,497.00
-0.29%$0.23109
17.07%$0.569237
7.04%$0.999413
-0.01%$188.34
3.54%$2.50
5.83%$0.846875
5.85%$219.91
3.80%$3,351.06
-0.07%$0.0182506
7.67%$0.01691411
12.32%$0.330591
13.55%$0.883415
7.85%$2.93
10.21%$23.27
7.17%$0.00000195
14.17%$0.861225
11.05%$10.74
0.00%$0.12602
3.87%$44.13
3.79%$111.77
0.00%$0.662843
5.49%$1.99
3.58%$3,046.42
3.08%$0.0000007
2.48%$4.12
5.50%$0.998393
0.04%$0.256752
0.75%$3,272.04
3.30%$49.80
4.29%$0.403034
5.21%$122,069.00
3.74%$3,196.64
4.42%$0.331855
6.53%$1.094
0.40%$120,540.00
3.92%$3,047.35
3.04%$0.01801816
8.89%$1.93
14.03%$0.061243
10.71%$3.23
5.02%$0.999569
0.01%$0.00875976
-0.27%$0.997878
0.03%$0.423877
6.02%$0.574021
6.29%$122,261.00
3.75%$0.52786
7.03%$1.60
6.75%$49.79
4.20%$0.68498
4.72%$0.10574
5.64%$27.10
2.77%$0.210964
6.35%$0.14702
5.69%$1.00
-0.01%$3,046.65
2.97%$0.999614
0.00%$0.505601
-3.01%$0.00541379
20.89%$0.999357
0.03%$0.00836988
7.85%$0.446763
5.02%$7.29
14.21%$3,247.66
3.16%$0.189737
14.40%$0.629443
4.22%$6.65
6.63%$0.224226
0.41%$0.00464391
3.75%$1.23
7.92%$16.19
4.33%$48.77
3.81%$0.385411
7.91%$0.063304
-0.62%$0.999902
0.00%$0.321197
0.27%$0.00000045
0.12%$1.41
5.23%$3,365.34
3.05%$0.00002206
5.16%$2.62
5.67%$7.58
0.05%$0.058442
6.17%$121,492.00
3.26%$1.094
0.00%$0.04213465
4.94%$1.00
0.06%$3,337.38
3.07%$0.564808
6.12%$0.154272
1.78%$0.408751
13.04%$1.63
5.09%$1.004
0.33%$0.084126
7.23%$3,044.78
3.12%$0.846099
11.50%$3,052.22
3.19%$1.37
1.27%$0.373705
6.30%$0.921896
9.90%$0.0070847
4.29%$0.999754
-0.02%$122,068.00
3.78%$3,033.50
2.81%$0.03687903
1.16%$0.005271
24.87%$0.01888028
0.91%$183.87
3.78%$0.00006513
3.73%$0.537581
3.66%$0.241706
5.52%$0.99998
0.02%$21.24
0.48%$1.18
6.17%$131.32
2.90%$26.78
4.62%$0.748194
11.50%$11.69
2.92%$3,677.54
3.08%$0.00386251
4.08%$22.02
4.49%$0.776295
3.60%$0.03010032
3.91%$0.52709
11.02%$0.999502
0.03%$1.001
0.13%$3.81
20.88%$0.999221
-0.02%$0.308042
12.70%$122,799.00
4.14%$2,456.56
3.74%$1.00
-0.06%$0.298009
4.74%$0.00336343
8.15%$3,199.43
3.30%Bitcoin’s price is on an unstoppable race to keep breaking new records—but it isn’t the only crypto project doing well. Today, the total value locked in the decentralized finance (DeFi) industry hit $15 billion, according to DeFi Pulse stats.
DeFi—which exploded last year—refers to non-custodial financial products (mostly built on Ethereum) that want to revamp services like lending and borrowing. The total value locked in means how much money is staked in their smart contracts.
The industry grew at a formidable pace in 2020—with billions of dollars being poured into its projects. The biggest projects in the space right now are three lending protocols: Maker, Aave and Compound. They have $3 billion, $2.08 billion and $2.07 billion locked in respectively.
Maker has nearly 20% market dominance (the percentage a project’s market cap accounts for the entire DeFi market.) The price of the project’s token, MKR, was today $612.46, according to CoinMarketCap. AAVE and COMP stood at $86.50 and $141.98, respectively.
Some called the industry a bubble because it was growing so quickly. But despite slowing down, interest in DeFi projects continues to surge.
This time last year, the amount of money locked in to the DeFi industry stood at $689 million. That’s an increase of 2,077%. At one point, a billion dollars a week was being added to the total value locked into the industry last year.
Interest in the projects has surged because investors are simply making so much money. Huge returns could once be made from yield farming, a process that allows investors to lock up their crypto and earn a fixed or variable interest.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.