July 18, 2019, 6:50AM EDT
• 2 min read

DeFi continues to grow as new protocols grab market share

Quick Take

  • The total value locked in DeFi protocols has grown from $181 million in July 2018 to more than $500 million now
  • About 2% of ether’s total supply (~2.1 million ETH) is currently locked in DeFi protocols
  • In December 2018, more than 91% of the total value in DeFi was locked in Maker but its dominance has since fallen by more than 20%
  • Maker is followed by Compound (~12% of total value locked), Synthetix (3.7%), Uniswap (3.5%), Nuo Network (3.4%), Dharma (2.5%) and InstaDApp (2.2%)
  • If DeFi continues to grow at the same pace as in 2019, the total value locked would surpass $1.5 billion by the end of 2020

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