After a short summer break, we can again see great interest in decentralized finance, such as digital assets, financial smart contracts, protocols and DApps.
The fact that this industry is really in demand is confirmed by the most important indicator, namely Total Value Locked in the DeFi market.
Total Value Locked in DeFi started to increase significantly at the end of July and the growth does not seem to end yet. At present, this value is at the level of $81.42B, the market dominance belongs to the Aave project in the amount of 16.02%.
Aave is an open source non-custodial protocol on Ethereum for decentralized lending and borrowing, which is currently at its peak.
Total Value Locked in Aave is at the level of $15B, which is the highest value ever measured (ATH). In second place is the InstaDApp project with a TVL of $10.29B, followed closely by Compound with a TVL of $10.21B (at the time of this writing).
