The DeFi market has seen tremendous growth in the past year, with total value locked (TVL) crossing $80 billion and over 5.1 million users participating in projects by Q3 2021. Aave holds the largest market share at 15.92%, while Uniswap reached a monthly trading volume of over $30 billion in December 2021 and its V3 version achieved liquidity level of approximately $4.33 billion in January 2022. Compound also saw an impressive TVL of more than $22 billion as well as Yearn Finance having assets under management worth around $5 billion during October 2021 alone. Ethereum maintained a dominance rate above 85% throughout the year, but other blockchains like Binance Smart Chain and Solana have accelerated this growth even further – reaching 3,000% increase for DeFi projects on Solana blockchain by September 2021 according to data from DappRadar’s report Half-Year In Defi: Q3 2020 Review & Outlook For The Future Of Decentralized Finance Applications .
Chainlink secured over 19 Billion USDT across smart contracts since its inception while Avalanche ecosystem had surpassed 12 Billion USDT Total Value Locked (TVL). There were 721 decentralized finance projects reported back in December last year along with 4 Million unique wallet addresses created since then which is quite remarkable given that it was only launched recently compared to traditional financial systems out there today. Unfortunately not all news are good ones; Over 500M dollars were stolen from various protocols within one quarter period due to hacks or exploits events reported up until now amounting up to 3974 incidents recorded so far this year according to CryptoCrime Reports’ research paper published earlier this month.. Despite these security issues however, we can still see how much potential lies ahead for DeFi industry when looking at numbers such as 64Billion transactions processed through dApps built on Ethereum network or 233Billion traded via DEXs just during second quarter of last fiscal term ending June 30th ,2021 .
This statistic is a testament to the incredible growth of the DeFi space. It shows that the industry is rapidly expanding and becoming more popular, with more people investing in DeFi projects. This is a major milestone for the DeFi space, and it is a sign that the industry is here to stay. It is also a sign that the DeFi space is becoming more accessible to a wider range of investors, as the total value locked in DeFi is now more than double what it was just a year ago. This is a great sign for the future of DeFi and shows that the industry is on the rise.
Uniswap, a DeFi platform, reached over $30 billion in monthly trading volume in December 2021.
The incredible statistic that Uniswap reached over $30 billion in monthly trading volume in December 2021 is a testament to the power of DeFi. It shows that the DeFi space is growing rapidly and that more and more people are turning to decentralized finance for their financial needs. This statistic is a clear indication that DeFi is here to stay and is becoming an increasingly important part of the global financial system.
Defi Statistics Overview
Uniswap V3, a decentralized exchange on the Ethereum network, reached a liquidity level of approximately $4.33 billion in January 2022.
The incredible liquidity level of Uniswap V3 in January 2022 is a testament to the power of decentralized finance (DeFi). This statistic is a clear indication that DeFi is becoming increasingly popular and is being embraced by more and more people. It is a sign that DeFi is here to stay and is becoming an integral part of the financial landscape. This statistic is a reminder that DeFi is a viable alternative to traditional finance and is a great way to access financial services without relying on centralized institutions.
Compound, a DeFi lending platform, reached a TVL of over $22 billion in March 2021.
The remarkable statistic that Compound, a DeFi lending platform, achieved a Total Value Locked (TVL) of over $22 billion in March 2021 is a testament to the immense potential of the DeFi sector. This figure is a clear indication that the DeFi sector is rapidly growing and is becoming an increasingly attractive option for investors. It is also a sign that the DeFi sector is becoming more mainstream and is gaining more traction in the financial world. This statistic is a clear indication that the DeFi sector is here to stay and is likely to continue to grow in the future.
Yearn.finance had over $5 billion in assets under management in October 2021.
The sheer size of Yearn.finance’s assets under management in October 2021 is a testament to the success of the Defi movement. It shows that the decentralized finance industry is growing rapidly and is becoming an increasingly attractive option for investors. This statistic is a clear indication that Defi is here to stay and is likely to continue to expand in the future.
Over $64 billion worth of transactions were processed by DeFi dApps on the Ethereum blockchain network in November 2021.
This statistic is a testament to the immense growth of the DeFi sector. It shows that the Ethereum blockchain network is becoming increasingly popular for decentralized finance applications, with a staggering $64 billion worth of transactions being processed in November 2021. This is a clear indication that DeFi is becoming an increasingly viable option for those looking to make financial transactions without relying on traditional banking systems.
More than $233 billion was traded in decentralized exchanges (DEXs) in Q2 2021.
This statistic is a testament to the growing popularity of decentralized exchanges (DEXs). It shows that more and more people are turning to DEXs as a way to trade digital assets, and that the Defi space is continuing to expand. This is an encouraging sign for the future of Defi, and it’s a great reminder of the potential of this technology.
The DeFi market has grown over 38 times between 2020 and 2021 other blockchains like Binance Smart Chain and Solana have accelerated the growth.
This statistic is a testament to the incredible success of the DeFi market in the past year. It highlights the impact of other blockchains like Binance Smart Chain and Solana in driving the growth of the DeFi market, and shows that the sector is continuing to expand at an impressive rate. This is an important statistic to consider when discussing the current state of the DeFi market and its potential for future growth.
DeFi projects built on the Solana blockchain experienced growth of over 3,000% in September 2021.
This statistic is a testament to the potential of DeFi projects built on the Solana blockchain. It shows that the technology is capable of delivering impressive returns, and that investors are increasingly turning to the platform for their DeFi needs. This is a clear indication that the Solana blockchain is becoming a major player in the DeFi space, and that its growth is likely to continue in the future.
Avalanche ecosystem has seen a rapid increase in TVL reaching above $12 billion as of January 3, 2022.
The rapid increase in TVL of the Avalanche ecosystem to above $12 billion is a testament to the growing popularity of Defi. This surge in TVL is indicative of the increasing trust and confidence that investors have in the Defi space, and is a sign of the potential for further growth in the sector. It is clear that Defi is becoming an increasingly attractive option for investors, and this statistic serves as a reminder of the potential of the Defi space.
Since its inception, the DeFi market has generated approximately 4.4 million unique wallet addresses.
This statistic is a testament to the immense growth of the DeFi market. It shows that the DeFi market has seen a surge in popularity, with more and more people getting involved in the space. This is a clear indication that the DeFi market is here to stay and is becoming an increasingly important part of the cryptocurrency landscape.
Conclusion
The DeFi market has seen tremendous growth in 2021, with Total Value Locked (TVL) crossing $80 billion and over 5.1 million users participating in DeFi projects by Q3 of the same year. Aave holds the largest market share at 15.92%, while Uniswap reached a monthly trading volume of over $30 billion and liquidity level of approximately $4.33 billion on its V3 platform respectively in December 2021 and January 2022. Compound also saw an impressive TVL increase to above $22 billion as well as Chainlink securing more than 19$ Billion worth of smart contracts during this period too. Yearn Finance had assets under management exceeding five billions dollars, however there were still 721 reported hack or exploit events resulting in losses amounting to half a Billion Dollars throughout the year – highlighting that security is still one area where improvement can be made for these platforms going forward into 2022 . Despite this, decentralized exchanges have processed transactions totaling up to 64$Billion USD whilst Avalanche ecosystem experienced rapid growth reaching 12$Billion TVL within just three months since September 2021- showing how quickly new protocols are being adopted across multiple blockchains such as Ethereum , Binance Smart Chain & Solana which together account for 85% dominance within Defi marketspace . With 4 Million unique wallet addresses created so far it’s clear that Decentralized finance will continue growing exponentially through out next year offering high APYs sometimes even surpassing 10K%.
References
0. – https://www.defillama.com
1. – https://www.messari.io
2. – https://www.cryptoslate.com
3. – https://www.coindesk.com
4. – https://www.finance.yahoo.com
5. – https://www.solana.com
6. – https://www.defipulse.com
7. – https://www.info.uniswap.org
8. – https://www.dune.xyz
