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Home » The volume of assets blocked in DeFi protocols reaches $100 billion

The volume of assets blocked in DeFi protocols reaches $100 billion

The volume of assets blocked in DeFi protocols reaches $100 billion

According to the DefiLlama service, the total value of frozen DeFi assets (TVL) in the decentralized finance sector has exceeded $100 billion for the first time.

Unstoppable.https://t.co/bPgTVWPECy pic.twitter.com/wOry5AXACV
— DefiLlama.com (@DefiLlama) April 6, 2021

DeFi protocols on the Ethereum blockchain account for about 80% of the volume, and projects on the Binance Smart Chain (BSC) network account for about 15%.

The leader in the rating is Compound with an indicator of $9.34 billion. In the top 10 protocols of the list, $62.4 billion is blocked.

The volume of assets blocked in DeFi protocols reaches $100 billion

The DeFi Pulse and DeBank platforms provide almost half the TVL for the segment — $52.2 and $54.3, respectively. The leadership of Compound is confirmed by all three services, but the composition of the top ten of the rating is different.

The volume of assets blocked in DeFi protocols reaches $100 billion

According to DefiLlama, at the beginning of 2021, the total TVL of DeFi protocols was $20.74 billion. This indicator also differs among analytical platforms: DeFi Pulse recorded about $16 billion, DeBank — $24.6 billion.

TVL approached $80 billion at the end of March, according to DefiLlama. Over the past seven days, almost all of the leading projects have shown double-digit percentage growth. For VakerDAO, SushiSwap, and Bankor, it has increased by more than 100% over this period.

Recall that in early March, the UNI token of the Uniswap decentralized exchange entered the top 10 of the cryptocurrency rating by market capitalization. The coin still occupies the eighth place in it.

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