According to a major DeFiPulse server, the total value (TVL) locked in decentralized smart contracts has increased by 90% to the current value of $ 23.34 billion in just six months.
The decentralized finance (DeFi) sector is thus probably the fastest growing sector of the crypt market and accounts for about 2% of the total market capitalization (which is currently around 1 trillion USD). According to DeFiPulse, Maker ($ 4.12 billion TVL) is in first place, followed by Aave ($ 3.36 billion), Compound ($ 2.95 billion), Uniswap ($ 2.85 billion), and Curve Finance ($ 1.99 billion). Ethereum is still the leading development platform for dApps (decentralized applications), despite growing competition from other blockchain systems such as Cardano, EOS, Polkadot, Binance Smart Chain or Tron.
Decentralized finance is growing exponentially, but it is still in its infancy, and many analysts expect that the greatest time for DeFi will yet come and that it will be one of the fastest growing areas of the cryptocurrency industry this year.
Year 2021 = DeFi year
Current data on the Defi sector can be found on the DeFiPulse server.
Do you have your favorite or promising DeFi projects?