Home Coins Ethereum (ETH) How Big is DeFi? A look at the Crypto Lending Market |...

How Big is DeFi? A look at the Crypto Lending Market | by Garrick Hileman | @blockchain | Aug, 2020

DeFi lending remains significantly smaller than lending via digital asset platforms (for now)

Garrick Hileman

Decoding DeFi dissonance

Establishing generally agreed upon definitions and taxonomies has been a frequent challenge in the cryptocurrency space.

Lending has been DeFi’s biggest application to date

According to DeFi Pulse, the “lending” segment is the largest single segment of DeFi at $3.7 billion in size. This represents just over half of the total $7.1 billion in value currently locked in DeFi.²

Segmenting the crypto lending market

Crypto borrowing and lending markets existed well before DeFi.

DeFi lending is still smaller than DALP lending

Amid all the DeFi hype we thought it would be useful to compare the market size of DeFi lending with DALP lending.

  • Bitfinex
  • Blockchain.com
  • BlockFi
  • Celsius Network
  • Genesis Capital
  • Nexo

The future of crypto lending

For nearly a decade now software has been eating the world. It is tempting to think that DeFi lending protocols will soon surpass and perhaps even eliminate digital asset lending platforms. However, that is unlikely to happen in the near-term.



Source link

- Advertisement -
Mr Bitcointe
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
473FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,580FollowersFollow
2,230SubscribersSubscribe
USD - United States Dollar
EUR
1.16
GBP
1.27
CHF
1.08
NOK
0.10
JPY
0.01
CAD
0.75
AUD
0.70

Most Popular

PoFi Network | Zero Transaction Fees | High Throughput

In this video, we're introducing PoFi network and their line of products on the roadmap.→ Follow me on 👉Twitter: 👉Instagram:🚀 LET'S TALK...

Sunday News. Hello everyone, how are you? | by Yohann LIBOT | RealTPlatform | Sep, 2020

Hello everyone, how are you?A small article today to announce some small changes within RealT.The first info is related to the payment day...

$2.4 Trillion Stimulus Package Proposed in US With Second Direct Payments to Americans

A new stimulus package costing about $2.4 trillion is being prepared in the U.S. that includes a second round of stimulus checks for...

Centralized finance is necessary, especially for DeFi crypto investors

If you’re paying attention to developments in the cryptocurrency space, you’ve likely heard of decentralized finance and of the yield farming trend that...
bitcoin
Bitcoin (BTC) $ 10,721.82
ethereum
Ethereum (ETH) $ 353.56
ripple
XRP (XRP) $ 0.241640
tether
Tether (USDT) $ 0.999600
bitcoin-cash
Bitcoin Cash (BCH) $ 226.30
bitcoin-cash-sv
Bitcoin SV (BSV) $ 168.76
litecoin
Litecoin (LTC) $ 45.95
eos
EOS (EOS) $ 2.57
binancecoin
Binance Coin (BNB) $ 26.04
okb
OKB (OKB) $ 6.14
tezos
Tezos (XTZ) $ 2.18
leo-token
LEO Token (LEO) $ 1.24
cardano
Cardano (ADA) $ 0.100615
monero
Monero (XMR) $ 99.21
stellar
Stellar (XLM) $ 0.073148
chainlink
Chainlink (LINK) $ 10.82
huobi-token
Huobi Token (HT) $ 4.61
tron
TRON (TRX) $ 0.026445
usd-coin
USD Coin (USDC) $ 0.999654
dash
Dash (DASH) $ 68.18
neo
NEO (NEO) $ 21.07
iota
IOTA (MIOTA) $ 0.256156
nem
NEM (XEM) $ 0.121309
zcash
Zcash (ZEC) $ 55.37
maker
Maker (MKR) $ 496.72
paxos-standard
Paxos Standard (PAX) $ 0.999912
ethereum-classic
Ethereum Classic (ETC) $ 5.38
vechain
VeChain (VET) $ 0.012589
true-usd
TrueUSD (TUSD) $ 0.999921
ftx-token
FTX Token (FTT) $ 3.60
kucoin-shares
KuCoin Shares (KCS) $ 0.900124
waves
Waves (WAVES) $ 2.49