- MakerDAO has become the first decentralized finance protocol to hit $1 billion in total value locked.
- The lending protocol now dominates the DeFi space with nearly 28% share.
- Overall, DeFi protocols now have more than $3.60 billion in total value locked.
MakerDAO has become the first decentralized finance (DeFi) protocol to hit $1 billion in total locked value. This means that MakerDAO users currently have $1 billion worth of funds locked in the protocol for lending purposes. According to DeFi Pulse, the lending protocol now dominates the DeFi space with nearly 28% share.
MakerDAO is followed by Compound and Synthetix, which have around $764 million and $423 million in total value locked, respectively. Aave, Balancer and Curve Finance are also a part of the top ten protocols. Overall, DeFi protocols now have more than $3.60 billion in total value locked. Just earlier this month, the total amount locked was $2 billion and in February, it was $1 billion.
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