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.
$73,060.00
5.86%$2,659.74
6.52%$608.12
2.80%$181.49
3.58%$0.999962
-0.12%$0.530327
3.15%$2,659.11
6.44%$0.175281
15.26%$0.16591
1.21%$5.12
3.03%$0.354109
5.41%$0.00001927
10.97%$3,153.41
6.65%$27.05
5.65%$72,964.00
5.83%$2,658.86
6.35%$385.89
7.34%$11.64
7.16%$4.24
4.81%$6.13
1.64%$2.04
23.27%$0.994812
-1.92%$73.73
5.41%$4.46
6.98%$10.00
12.28%$2,795.30
6.30%$7.95
5.78%$0.00000977
11.56%$540.23
6.69%$8.13
5.83%$1.35
11.79%$162.94
1.34%$19.41
4.74%$0.096689
3.62%$0.113595
-3.79%$1.86
10.15%$19.08
2.17%$1.002
0.05%$2.67
17.33%$0.336914
6.31%$0.999712
-0.23%$39.82
2.98%$1.42
9.92%$152.22
2.31%$3.71
5.12%$0.547175
7.41%$1.72
10.96%$0.07682
4.93%$6.12
8.81%$0.608317
6.11%$0.722643
7.68%$5.15
8.67%$20.33
9.23%$0.050052
5.03%$0.02268713
5.61%$4.57
5.45%$1.79
21.79%$1.18
1.24%$2,655.83
6.34%$0.00002243
10.21%$0.160999
7.08%$0.396356
11.07%$0.00015049
14.94%$1.072
4.14%$2,982.26
6.15%$0.394804
12.66%$2,780.85
6.65%$2.13
9.62%$1.23
7.36%$1.38
2.95%$7.05
5.67%$5.39
10.87%$8.97
3.77%$17.14
10.66%$9.24
1.98%$73,089.00
6.24%$0.389155
15.08%$0.739316
12.39%$52.55
3.96%$0.123623
7.65%$0.102039
10.86%$0.01913126
10.67%$1,145.78
4.16%$1.10
9.91%$222.72
3.45%$0.01915658
8.51%$2,728.17
6.49%$62.59
3.79%$0.01022596
9.63%$2.69
0.62%$0.943957
8.58%$0.336882
6.28%$0.0000009
4.28%$1.30
7.12%$0.02143567
7.74%$0.928787
10.70%$3.22
-2.99%$0.544275
7.27%$2,649.83
6.36%$5.11
15.65%$73,043.00
5.75%$1.089
7.46%$0.00000201
19.57%$0.396882
8.15%$5.03
7.14%$36.54
11.43%$9.52
5.13%$73,124.00
6.39%$0.999335
-0.34%$0.00725345
7.13%$0.12638
1.67%$0.00170806
14.30%$10.19
7.87%$0.01410411
4.07%$0.00003608
2.99%$0.467883
4.60%$25.72
10.07%$73,108.00
6.35%$0.15503
10.71%$0.696268
12.58%$0.254007
11.39%$189.69
3.44%$2,773.35
1.01%$0.676049
6.60%$72,857.00
6.18%$1.05
6.14%$0.804987
16.85%$0.00960534
10.62%$1.019
5.07%$0.997153
-0.07%$0.549171
8.40%$0.00924216
12.69%$2,738.31
6.73%$0.259756
5.38%$1.36
12.46%$0.01357971
6.23%$2,659.62
6.34%$0.999938
-0.01%$2.41
8.86%$1.21
1.64%$0.999683
-0.17%$38.64
1.48%$0.311682
8.07%$17.52
9.32%$0.063743
5.72%$215.77
0.92%$1.57
6.69%$0.00000026
11.73%$2.94
7.23%$2,769.76
0.37%$0.00009376
4.20%$0.055446
3.19%$2,658.94
6.60%$2,880.00
6.51%$0.077688
1.27%$0.454944
16.55%$1.71
17.74%$1.85
4.95%$0.137832
11.20%$2,658.40
6.45%$0.00496185
10.65%$0.997387
-0.01%$1.50
11.07%$8.51
8.85%$1.05
6.25%$0.070407
12.13%$0.235839
9.37%$1.055
4.49%$2,653.96
6.59%$0.00000044
0.96%$0.00
11.21%$24.13
5.91%$0.057129
6.41%$0.028182
1.63%$0.118164
8.01%$0.140823
10.44%$3.66
10.60%$73,044.00
6.01%$0.40316
0.30%$0.993934
0.95%$11.36
6.84%$1.068
0.23%$0.04237847
12.43%$2,659.21
6.47%$0.078389
17.24%$45.11
6.71%$1.064
-0.14%$0.01344847
5.48%$2,655.94
6.29%$7.96
8.33%$0.056597
5.75%$0.500226
3.47%$0.348075
10.32%$0.205148
17.27%$0.677657
9.24%$1.001
-0.01%$1.00
-0.09%$3.27
9.33%$0.721517
3.71%$0.00666269
11.49%$2,847.02
6.43%$183.10
3.73%$1.51
5.16%$0.266246
7.03%$1.60
13.01%$2,766.66
6.16%$0.00063858
8.28%$2,924.27
6.27%$84.11
1.16%$0.174208
14.41%$0.784338
8.45%$0.322574
7.16%$0.317694
17.24%$0.45834
7.85%$2.46
-0.28%$1.51
11.06%$0.258041
8.28%$0.680711
13.13%$0.00385051
3.70%$0.00093968
9.81%$0.346494
8.04%$0.00171852
9.36%$72,570.00
6.05%$0.30061
20.47%$3.60
-2.05%$1,466.69
5.97%$2,819.80
6.84%$2.43
18.33%$2.91
26.46%$0.02942177
1.87%$72,788.00
5.83%$0.338192
9.20%$2.96
1.28%$3.56
0.71%$46.20
18.84%$0.01478928
6.61%$17.88
5.39%$0.728264
10.46%$23.23
3.86%$0.00481986
6.22%$0.094792
0.24%$0.15163
7.25%$6.62
6.53%$4.07
6.09%$0.240204
6.89%$0.01824471
9.34%$0.3623
3.09%$23.80
15.85%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.