$98,173.00
3.36%$3,322.52
7.54%$254.71
6.99%$628.78
3.22%$1.31
17.39%$0.383944
-0.07%$1.001
-0.06%$3,323.76
7.74%$0.832168
3.94%$0.198629
1.21%$35.46
5.11%$0.00002449
1.33%$97,887.00
3.33%$3,959.29
8.17%$5.49
2.58%$3.55
-1.27%$485.41
8.61%$3,329.41
7.79%$14.87
3.40%$6.01
4.85%$0.00002018
4.21%$0.278326
14.28%$8.75
3.88%$5.85
5.50%$89.58
5.98%$11.87
0.76%$3,519.40
8.19%$9.21
3.17%$1.00
-1.01%$0.189149
8.03%$0.123108
-8.22%$9.20
2.42%$27.08
5.56%$0.00005154
3.25%$0.152636
0.63%$512.66
4.56%$7.26
-2.82%$1.003
-0.08%$0.449937
3.58%$24.73
2.93%$3.82
-0.65%$1.26
1.14%$3.16
-0.15%$0.761989
12.07%$160.29
-0.63%$1.95
5.68%$45.56
3.96%$4.52
5.66%$0.785525
8.02%$0.03170736
0.13%$2.02
20.86%$6.40
3.29%$166.95
5.56%$0.00025459
-8.90%$24.69
5.22%$5.43
8.38%$0.997885
-0.03%$1.35
5.77%$0.216967
-2.13%$0.478029
2.50%$3,326.69
7.90%$1.42
5.25%$0.697364
3.55%$0.218871
1.24%$6.17
8.60%$5.26
3.02%$3,722.06
7.65%$1.67
1.16%$0.581128
11.37%$3,486.01
7.68%$0.160562
-1.25%$97,984.00
3.18%$2.21
3.20%$97,774.00
3.39%$1.55
-0.63%$1.12
3.62%$3,413.20
7.83%$0.40547
-2.05%$1,637.47
8.89%$0.994115
0.39%$313.35
6.53%$67.63
-3.43%$11.15
2.19%$10.07
3.64%$1.26
-12.93%$85.39
-2.70%$17.95
3.46%$0.02856738
1.18%$0.02189638
7.38%$0.02162345
-0.28%$0.00000114
5.45%$97,957.00
3.57%$0.702354
2.81%$1.19
5.95%$1.04
-4.64%$3.15
1.36%$0.450624
3.97%$0.496285
8.68%$267.65
6.50%$3,310.68
7.23%$0.669776
6.86%$5.79
1.48%$97,605.00
3.49%$0.02039532
1.54%$0.00000249
18.71%$98,057.00
3.60%$0.958192
2.22%$3.78
-0.38%$11.54
1.78%$13.06
5.85%$1.31
4.78%$1.29
5.88%$0.965061
3.71%$0.00999183
-4.44%$0.00004471
0.03%$5.74
3.40%$0.147797
1.00%$0.749893
-5.75%$5.18
4.34%$1.29
4.78%$1.15
1.53%$0.345458
2.87%$258.86
7.01%$29.70
2.99%$3,418.57
7.55%$0.00810568
10.58%$0.381549
-0.47%$0.00186791
4.94%$37.30
3.86%$0.655597
2.67%$0.408265
2.26%$0.998471
-0.38%$0.00733685
4.76%$0.154117
8.81%$3,314.28
7.43%$265.42
5.64%$45.45
7.74%$0.073782
2.81%$0.00972255
2.52%$2,680.89
0.72%$2.08
0.46%$3,325.68
7.65%$0.997388
0.01%$0.234215
5.46%$0.04214176
-0.22%$18.69
6.25%$0.00011061
5.11%$0.710983
3.21%$3,597.93
7.49%$0.170395
0.89%$0.013172
4.33%$1.81
8.00%$1.29
5.88%$32.90
-1.22%$1.26
2.25%$2.32
7.47%$0.555139
1.74%$1.96
4.32%$1.001
-0.08%$3,310.37
7.06%$0.081515
4.31%$0.00791442
1.44%$97,175.00
2.58%$0.081142
0.72%$0.146911
8.06%$0.532761
24.74%$1.055
-0.22%$2,675.10
0.43%$97,814.00
3.29%$0.00153257
1.28%$0.551387
12.12%$1.40
3.14%$3,282.96
6.45%$0.169061
8.40%$0.249528
4.10%$1.001
-0.06%$0.00000024
1.21%$0.398551
4.21%$0.455119
2.86%$97,471.00
2.76%$8.47
0.08%$0.064929
2.07%$3,315.66
7.27%$2.56
13.79%$53.73
-0.37%$0.00000048
1.93%$3.94
10.15%$0.478485
-4.45%$0.065758
-0.34%$1.066
1.22%$3.36
19.19%$3,564.11
7.55%$7.01
7.59%$0.451678
-20.56%$1.001
0.07%$0.332679
3.49%$3,312.30
7.24%$0.427935
-0.87%$0.228212
5.89%$3,520.29
9.11%$0.413442
18.58%$8.29
7.77%$1.001
-0.12%$0.999709
0.28%$97.61
-1.13%$0.041978
4.44%$0.01306867
2.57%$0.00759627
2.39%$0.973739
-2.48%$0.961296
4.54%$1.06
-0.94%$0.04183163
3.20%$0.02059718
3.82%$3.55
3.06%$0.701965
6.48%$3,677.39
7.72%$1,969.78
3.29%$1.84
23.44%$10.45
3.78%$0.540754
1.22%$0.374297
15.79%$3.48
7.27%$0.00210955
4.29%$0.00460273
3.40%$97,756.00
3.18%$1.003
0.07%$0.332817
10.97%$0.904375
8.70%$3,528.53
7.78%$0.0449147
10.20%$0.361629
4.14%$0.424035
2.13%$0.00
3.50%$0.648349
-1.82%$97,017.00
3.69%$41.57
5.26%$1.64
11.97%$0.0204859
12.54%$4.51
7.05%$0.196897
1.26%$0.00600718
1.41%$1.34
-1.06%$3.28
9.73%$28.52
3.21%$0.661314
3.82%$0.0010238
4.06%$0.03330205
1.49%$20.72
2.87%
Over $15 billion worth of cryptocurrency is available for borrowing on decentralized lending protocol Compound, which today reached new heights amid the crypto bull run.
🔟+5️⃣ pic.twitter.com/t9mHCIYxVv
— 🤖 Leshner (@rleshner) April 3, 2021
The total amount of crypto up for borrowing on the lending app refers to the total amount that can be borrowed as instant, non-custodial crypto loans. The figure rose rapidly from $10 billion on 20 February to $15 billion today.
As of today, 34% of the value supplied to the platform is in ETH (Ethereum’s native token), 19% is in the US dollar-pegged stablecoin DAI, and 23% is in US dollar-pegged stablecoin USDC. The value is supplied by 284,845 users.
Compound dominates the decentralized finance market. About 19% of the value locked up in DeFi—$9.24 billion out of a total $48.75 billion—is locked up in the app, according to DeFi metrics site DeFi Pulse. Next up is Maker with $7.79 billion, followed by Aave with $5.80 billion.
Compound is a DeFi protocol that lets traders borrow money and earn interest on crypto.
DeFi refers to a wide network of non-custodial and financial services powered by smart contracts (self-executing code). These protocols allow their users to use bank-like services without the need for a bank, or any other third-party intermediary. Most of the big ones are built on the Ethereum network.
The governance of these protocols is also decentralized; token holders vote on the future of the network. The governance decisions for the Compound project are made by staking COMP, Compound’s token. COMP’s current price is $552.56, according to CoinMarketCap data.
At the start of last year, the entire DeFi industry was worth just $1 billion.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
