Data provided by "DeFi Pulse" shows that the total value booked and locked in DeFi contracts or DApps has risen to more than $ 50 billion for the first time, indicating an ongoing embrace of decentralized financing offerings ranging from lending, betting and the Yield mechanism. Farming ”.
To be more precise, the Total Closed Value (TVL) in DeFi projects is currently $ 51.42 billion, with more than 87 projects growing in the industry.
Of these projects, the Compound takes the largest piece of the cake, with a dominance of 19.43% bringing the total closed value of this project to roughly $ 10 billion of the total closed value.
“Maker”, “Aave”, “Uniswap” and “Curve Finance” make up the top 5 DeFi financing projects with varying amounts of locked value in each application.
DeFi is witnessing a dynamic activity and innovation, and many projects have devised ways to offer end-users products that free them from the constraints of traditional financing.
While the space still has a very long way to go before full adoption, the current move is testament to people's acceptance of innovative decentralized financing products.
Bitcoin, Ethereum and Decentralized Finance:
Bitcoin and Ethereum both play an active role in today's DeFi financing ecosystem, and this is evidenced by the total value of each of the cryptocurrencies locked into various smart contracts.
Of the $ 51 billion locked-in in DeFi decentralized financing projects overall, up to 10.6 million Ethereum has locked in and a total of 145.7 Bitcoin locked up.
The total closed value of decentralized financing has reached its peak after the Ethereum currency reached a new record high, as well as the Bitcoin coin, which is gradually approaching to break the record level achieved earlier.
The growth of DeFi's decentralized financing from $ 30 billion in January to $ 51 billion currently is a positive trajectory, and it gives a picture of the future of the industry.