$95,452.00
-1.95%$3,294.51
-2.79%$2.22
-1.22%$652.89
-1.85%$180.29
-2.83%$0.311162
-4.80%$0.999605
-0.06%$3,287.97
-2.70%$0.883619
-3.83%$0.244791
-0.18%$36.86
-4.28%$3,907.20
-2.69%$21.79
-4.55%$5.37
0.82%$95,276.00
-1.73%$0.00002144
-3.58%$4.25
-8.38%$0.355974
-1.35%$31.60
-1.47%$6.87
-2.90%$0.257048
0.18%$3,296.11
-2.67%$443.93
-2.02%$9.34
0.73%$13.73
2.82%$100.24
-0.43%$0.00001735
-3.09%$3,480.81
-2.64%$5.00
-2.69%$0.999686
0.02%$4.12
-1.82%$0.997197
-0.29%$9.23
-6.75%$9.85
-5.43%$296.17
-3.61%$0.156186
-3.54%$0.474167
-1.73%$1.16
-1.66%$25.83
-2.15%$0.04537117
-2.51%$7.08
-2.87%$191.83
-0.95%$24.26
-0.57%$3.64
-4.08%$451.95
-2.90%$1.25
-3.82%$0.743318
-2.53%$0.118997
-2.46%$1.019
-4.35%$4.85
-3.71%$0.34098
1.27%$0.974869
-4.40%$44.94
-0.38%$6.48
-2.82%$1.65
-3.14%$2.38
-10.07%$1.76
-2.82%$0.00003123
-0.82%$1.62
-5.97%$4.96
-2.12%$1.32
-4.98%$2.14
-2.06%$3,302.20
-2.61%$95,383.00
-2.01%$20.36
-3.42%$0.206253
-2.65%$1.93
-3.83%$0.838359
-13.95%$0.421628
-2.48%$2.20
-1.69%$0.995031
-0.31%$3,679.44
-2.93%$3,405.72
-2.47%$4.95
-3.87%$12.92
0.12%$0.00016722
-2.75%$0.02562429
-12.57%$20.02
-0.00%$0.0327161
-2.86%$105.69
-5.66%$3,474.16
-2.52%$1.72
-0.31%$0.03484056
-4.38%$0.0265901
-3.26%$95,586.00
-1.91%$3.33
0.01%$0.999707
-0.04%$0.02690036
-2.25%$1,580.20
-3.66%$0.561398
-1.65%$1.34
-1.66%$11.10
-1.34%$0.359879
-3.49%$0.218424
-2.31%$95,405.00
-1.65%$1.24
-3.37%$0.126414
-2.68%$4.26
-3.66%$3,387.00
-2.80%$0.782468
-3.94%$6.65
-3.99%$183.58
-3.07%$0.075495
-0.51%$0.718864
0.44%$33.65
-4.37%$0.807283
-4.21%$0.00000112
3.78%$1.50
-7.42%$0.47409
-2.22%$16.22
-1.17%$53.18
-1.26%$0.925181
0.25%$0.288915
-2.93%$1.42
-3.78%$224.70
-2.92%$1.075
-1.93%$14.04
-1.18%$0.776517
-4.40%$6.02
-4.04%$33.43
-3.78%$0.474063
-1.64%$95,040.00
-1.24%$56.72
7.92%$0.473723
-1.15%$95,073.00
-1.70%$0.00000214
3.32%$3,294.03
-2.55%$1.14
-2.19%$2.96
0.58%$4.92
-4.50%$0.084213
-2.42%$3.12
-2.77%$3.62
-5.13%$0.766435
2.26%$0.994131
-0.34%$3,298.61
-2.66%$0.733386
-12.67%$0.738352
16.66%$0.154215
-3.92%$0.257702
-5.30%$0.595906
-2.60%$192.33
-3.09%$3,297.68
-2.64%$78.18
-4.75%$0.628852
-10.16%$0.00686944
1.86%$0.00003471
-0.92%$1.84
-4.11%$2.29
-4.34%$260.35
-2.21%$1.49
-4.73%$1.96
-4.00%$20.74
-1.86%$0.00777341
-1.11%$94,670.00
-1.73%$2,626.18
-0.16%$0.737029
-1.78%$0.995525
-0.04%$0.312328
-4.49%$0.00627472
-2.30%$1.42
-3.97%$0.170223
-4.57%$2.56
3.40%$0.661429
-16.65%$3,476.89
-2.67%$0.00010775
-4.59%$10.33
18.10%$5.27
-7.18%$0.01080054
-4.13%$3,567.77
-2.74%$0.00840338
-0.47%$0.00
-3.94%$0.00627418
0.68%$1.017
-0.15%$0.551912
-12.87%$26.28
-0.46%$3,285.61
-3.14%$14.83
7.21%$1.059
-3.55%$0.077605
-0.58%$0.079542
-4.27%$17.23
-6.41%$0.254889
-3.40%$0.999967
0.02%$0.37941
-2.52%$1.28
2.47%$2,618.43
-0.21%$10.15
-6.40%$95,312.00
-2.12%$0.00000051
-1.01%$94,352.00
-2.33%$0.499373
-0.47%$0.998078
-0.33%$1.19
-8.42%$1.043
-13.43%$3,290.01
-1.71%$30.50
-2.23%$0.01057834
-2.07%$1.44
-3.27%$3,293.49
-2.85%$4.65
-3.44%$0.04831679
-7.01%$0.424397
-2.04%$28.72
14.60%$0.00600913
-2.19%$95,120.00
-1.89%$0.05972
-1.47%$1.057
-1.21%$0.064671
-0.60%$0.279183
-8.41%$35.49
-4.30%$3,536.56
-2.85%$3,426.66
-3.39%$0.00617854
-2.11%$0.0010092
3.08%$0.00232969
-5.78%$0.00524896
-4.01%$1.081
0.46%$1.93
-5.69%$0.99392
-1.14%$5.16
-1.11%$0.02085448
-1.60%$87.72
-0.80%$3.02
-11.87%$1.00
-0.01%$0.454095
-2.21%$0.216067
-3.49%$0.066773
-6.51%$0.03812643
1.01%$0.200822
-4.46%$3,659.38
-2.37%$1.001
-0.39%$0.00000017
-1.59%$2.89
0.92%$0.651554
-2.27%$0.357316
0.80%$0.00000287
-9.54%$0.856917
-3.47%$0.03527872
-0.72%$0.13543
-1.12%$0.01029681
-2.43%$3.21
-5.28%$3,288.53
-3.10%$0.466458
4.38%$2.25
-7.87%$0.03619641
-1.00%$3,468.86
-2.85%$1,911.63
-2.21%
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.
