DeFi continues to grow, TVL over $ 50B and Maker loses first place in favor of Compound

DeFi continues to grow, TVL over $ 50B and Maker loses first place in favor of Compound
  • The decentralized finance market is growing by + $ 10 B almost every month, as evidenced by the current value of TVL, which has moved to above $ 50B.
Interest in the decentralized finance sector seems to be growing steadily, with TVL rising by 222% in 2021 alone.

The best indicator of this growth is the chart from Defi Pulse, which tracks Total Value Locked in DeFi.

Total Value Locked (USD) in DeFi

As you can see at present, the TVL value has returned above $ 50B, which means that value has increased by more than $ 10B in a month.

It is also worth mentioning the change in the first place in terms of TOP 3 most popular DeFi projects, where after a long time Maker replaced the Compound project.

TOP 3 DeFi projects

Compound gained almost 19% dominance with $ 9.68B, followed by Maker with $ 7.86B and in third place we see Aave with $ 5.74B.

Read also: Costly Ethereum gas fees will be a thing of the past in the digital marketplace for crypto collectibles and NFTs OpenSea


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