The Total Value Locked Within DeFi Exceeded $2 Billion
To date, more than $2 billion has been frozen within the decentralized finance ecosystem (DeFi).
Compound Dominance Index
From the data provided by the popular reputable resource DeFiPulse, the Compound dominance index is 32.71%. Recall, the locked funds’ value in the DeFi ecosystem has doubled over the past five months.
Last month, DeFi`s leader changed, the non-replaceable flagship MakerDAO was moved to second place and Compound headed the rating. But the gap between them is minimal, as of the time of this writing, this figure is $64.6 million.
Popularity of DeFi
The decentralized finance industry (DeFi) has recently shown significant growth. Quite authoritative industry experts, such as Tron CEO Justin Sun, supports it. Also recently, three popular blockchain projects: Cosmos, Polkadot, and Terra announced the creation of a joint DeFi protocol.