Decentralized Finance Lending Reaches All Time High

Published on: 24.04.2021

Lending platforms Aave, Compound and Maker are making its big piece on the deFi lending scence. 

Maker leads the DeFi lending with $9 Billion of total value locked followed by Compound with $8.7 Billion and Aave with $5.8 Billion.

These data from DefiPulse shows a combined $23 Billion on total value locked from these three platforms.

Decentralized finance utilizes smart contracts on blockchains, the most common being Ethereum to manage financial transactions.

DeFi cuts the use of middleman such as banks to process lending, borrowing and monetary services.

#SmartCrypto

Market Stats:
BTC Dominance: 58.07%(+0.11%/24h)
ETH Dominance: 13%(-0.04%/24h)
Defi Market Cap: $161.71B(+1.59%/24h)
Total Market Cap: $4208.93B(+1.81%/24h)
Total Trading Volume 24h: $219.67B(+6.77%/24h)
ETH Market Cap: $546.88B
Defi to ETH Ratio: 29.57%
Defi Dominance: 3.75%
Altcoin Market Cap: $1764.81B
Altcoin Volume 24h: $134.45B
Total Cryptocurrencies: 36195
Active Cryptocurrencies: 9515
Active Market Pairs: 112601
Active Exchanges: 853
Total Exchanges: 11204
BTC: 122634.25$(0.31%/1H)
ETH: 4531.3$(0.13%/1H)
AVAX: 31.39$(0.49%/1H)
BNB: 1180.34$(0.29%/1H)
MATIC: 0$(0.95%/1H)
FTM: 0$(-0.27%/1H)
ADA: 0.87$(0.35%/1H)
DOT: 4.34$(0.17%/1H)
UNI: 8.26$(-0%/1H)
CAKE: 3.63$(-0.2%/1H)
SUSHI: 0.73$(0.04%/1H)
ONE: 0.01$(-0.21%/1H)