Decentralized Finance Lending Reaches All Time High

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