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

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

BlockChain
August 29, 2020 by admin
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DeFi lending stays considerably smaller than lending through digital asset platforms (for now) Like many in crypto we have now been watching the expansion of DeFi with nice curiosity and enthusiasm. The DeFi increase has been a significant factor within the 2020 worth outperformance of Ethereum (ETH), on which a lot of DeFi operates, over
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DeFi lending stays considerably smaller than lending through digital asset platforms (for now)

Garrick Hileman

Decoding DeFi dissonance

Establishing typically agreed upon definitions and taxonomies has been a frequent problem within the cryptocurrency area.

Lending has been DeFi’s greatest utility so far

Based on DeFi Pulse, the “lending” phase is the biggest single phase of DeFi at $3.7 billion in measurement. This represents simply over half of the full $7.1 billion in worth at the moment locked in DeFi.²

Segmenting the crypto lending market

Crypto borrowing and lending markets existed effectively earlier than DeFi.

DeFi lending continues to be smaller than DALP lending

Amid all of the DeFi hype we thought it might be helpful to match the market measurement of DeFi lending with DALP lending.

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

The way forward for crypto lending

For almost a decade now software program has been consuming the world. It’s tempting to suppose that DeFi lending protocols will quickly surpass and maybe even get rid of digital asset lending platforms. Nonetheless, that’s unlikely to occur within the near-term.





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