22 Mar 2021
The total value locked in DeFi pushes towards $45 billion
Total value locked in DeFi is climbing towards new highs as it’s approaching $45 billion.
The total value locked in DeFi has returned to the February highs above $40 billion as activity has picked up. The lending markets still account for the dominating share of the TVL in DeFi, contributing to 44% of the global TVL. Maker, Compound, and Aave are by far the dominating lending platforms, all carrying a TVL above $4 billion. The decentralized exchanges (Dexes) also contribute a significant share, accounting for 39% of the global TVL in DeFi. SushiSwap, Uniswap, and Curve are the dominant platforms in the DEX sector, with all three dexes carrying a TVL above $4 billion. While the DeFi ecosystem is an open system with low entry barriers, it’s interesting to follow how 60% of the total value locked in the sector is found in its six major platforms.