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.

Source: DeFiPulse

Leader change

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.