Crypto lending/borrowing was the largest single segment of DeFi in 2021, according to a website that lists the primary activity of several online platforms. Decentralized finance lending and borrowing - sometimes also referred to as money market protocols - made up roughly half of the overall value locked in DeFi. One example of these money market protocols is a platform called Compound: users access this protocol with a digital wallet and either deposit cryptocurrencies for compound interest or withdraw crypto by way of a loan. The system is both decentralized, meaning it has no supervision from a central bank or financial watchdog, and powered by a cryptocurrency - Compound uses the the Compound (COMP) token, for example.
TVL (total value locked) in five different Decentralized Finance (DeFi) segments on the Ethereum blockchain as of March 29, 2022
(in billion U.S. dollars)
The source focuses on DeFi built on Ether (ETH) and ERC-20 tokens, indicating figures might not capture the full market
Supplementary notes
Figures have been rounded.
The numbers provided are based on USD value against cryptocurrencies, and are therefore likely to change often. Statista aims to keep up with these changes, but a delay is possible.
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Website (DeFi Pulse). (March 29, 2022). TVL (total value locked) in five different Decentralized Finance (DeFi) segments on the Ethereum blockchain as of March 29, 2022 (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1263220/defi-market-size-value-crypto-locked-usd-by-segment/
Website (DeFi Pulse). "TVL (total value locked) in five different Decentralized Finance (DeFi) segments on the Ethereum blockchain as of March 29, 2022 (in billion U.S. dollars)." Chart. March 29, 2022. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1263220/defi-market-size-value-crypto-locked-usd-by-segment/
Website (DeFi Pulse). (2022). TVL (total value locked) in five different Decentralized Finance (DeFi) segments on the Ethereum blockchain as of March 29, 2022 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1263220/defi-market-size-value-crypto-locked-usd-by-segment/
Website (DeFi Pulse). "Tvl (Total Value Locked) in Five Different Decentralized Finance (Defi) Segments on The Ethereum Blockchain as of March 29, 2022 (in Billion U.S. Dollars)." Statista, Statista Inc., 29 Mar 2022, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1263220/defi-market-size-value-crypto-locked-usd-by-segment/
Website (DeFi Pulse), TVL (total value locked) in five different Decentralized Finance (DeFi) segments on the Ethereum blockchain as of March 29, 2022 (in billion U.S. dollars) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1263220/defi-market-size-value-crypto-locked-usd-by-segment/ (last visited November 10, 2024)
TVL (total value locked) in five different Decentralized Finance (DeFi) segments on the Ethereum blockchain as of March 29, 2022 (in billion U.S. dollars) [Graph], Website (DeFi Pulse), March 29, 2022. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1263220/defi-market-size-value-crypto-locked-usd-by-segment/
