2020 DeFi Industry Research Report Part 2
[This article was updated on November 20, 2020 on tuoniaox.com] Key Summary Points 1. The lending sector's total value locked (TVL) at the end of the quarter grew 294% compared to the beginning of the quarter, with liquidation amounts being 10 times that of Q2; 2. Since late September, MakerDAO has shown strong performance, returning to the top of the TVL rankings. The lending sector has lower monopolization compared to DEX, and the overall industry has been able to generate relatively stable cash flows; 3. In Q3, the proportion of decentralized stablecoins issued on Ethereum increased by 4.18%, with DAI issuance surging 527%, reaching $900 million by the end of October; 4. DAI, USDT, and USDC are the assets with the highest outstanding debt in DeFi; 5. WBTC's locked volume is comparable to leading DEX and lending projects, with September-October TVL changes significantly outperforming the overall DeFi level; 6. Aggregator yearn.finance saw its TVL increase 97-fold in Q3, with YFI's price surpassing Bitcoin within just two weeks of launch, becoming the most expensive digital asset; 7. Oracle services maintain a "one dominant, multiple strong" competitive landscape, with DeFi development directly affecting oracle usage; 8. Asset management projects have been impacted by liquidity mining and yield aggregator project emergence, with asset management protocol TVL share continuously declining; 9. Other public chains are actively building DeFi, but Ethereum's DeFi ecosystem still maintains absolute dominance. Source: Tokenin (ID: TokenInsight) == Receive the latest market information with 110,000 people simultaneously Search "Tuoniao Blockchain" to download Join the Tuoniao community with 20,000 people Add WeChat ID: tuoniao02 --- tuoniaox.com has migrated all content to hashspring.com with editor authorization, and will continue outputting on hashspring.com going forward.
[This article was updated on November 20, 2020 on tuoniaox.com]
Key Summary Points
1. The lending sector's total value locked (TVL) at the end of the quarter grew 294% compared to the beginning of the quarter, with liquidation amounts being 10 times that of Q2;
2. Since late September, MakerDAO has shown strong performance, returning to the top of the TVL rankings. The lending sector has lower monopolization compared to DEX, and the overall industry has been able to generate relatively stable cash flows;
3. In Q3, the proportion of decentralized stablecoins issued on Ethereum increased by 4.18%, with DAI issuance surging 527%, reaching $900 million by the end of October;
4. DAI, USDT, and USDC are the assets with the highest outstanding debt in DeFi;
5. WBTC's locked volume is comparable to leading DEX and lending projects, with September-October TVL changes significantly outperforming the overall DeFi level;
6. Aggregator yearn.finance saw its TVL increase 97-fold in Q3, with YFI's price surpassing Bitcoin within just two weeks of launch, becoming the most expensive digital asset;
7. Oracle services maintain a "one dominant, multiple strong" competitive landscape, with DeFi development directly affecting oracle usage;
8. Asset management projects have been impacted by liquidity mining and yield aggregator project emergence, with asset management protocol TVL share continuously declining;
9. Other public chains are actively building DeFi, but Ethereum's DeFi ecosystem still maintains absolute dominance.
Source:
Tokenin (ID: TokenInsight)
==
Receive the latest market information with 110,000 people simultaneously
Search "Tuoniao Blockchain" to download
Join the Tuoniao community with 20,000 people
Add WeChat ID: tuoniao02
---
tuoniaox.com has migrated all content to hashspring.com with editor authorization, and will continue outputting on hashspring.com going forward.