{"id":27264,"date":"2020-08-14T15:15:17","date_gmt":"2020-08-14T12:15:17","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27264"},"modified":"2025-08-26T19:43:13","modified_gmt":"2025-08-26T16:43:13","slug":"assets-locked-in-the-defi-sector-exceed-5-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/assets-locked-in-the-defi-sector-exceed-5-billion\/","title":{"rendered":"Assets locked in the DeFi sector exceed $5 billion."},"content":{"rendered":"<p>The decentralised finance sector has set another record: the value of assets locked in protocols has for the first time exceeded $5 billion, according to <a href=\\\"https:\/\/defipulse.com\/\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">DeFiPulse<\/a><!--more--><\/p>\n<p>\\n<\/p>\n<p>Over the last 24 hours this metric rose by 11.7%, reaching $5.24 billion. MakerDAO accounts for 28.29% of the market.<\/p>\n<p>\\n<\/p>\n<p><img loading=\\\"lazy\\\" decoding=\\\"async\\\" class=\\\"size-full wp-image-107367 aligncenter\\\" src=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/image1-253.png\\\" alt=\\\"Volume of funds locked in the DeFi sector exceeds $5 billion\\\" width=\\\"820\\\" height=\\\"468\\\" srcset=\\\"https:\/\/u1f987.com\/wp-content\/uploads\/image1-253.png 820w, https:\/\/u1f987.com\/wp-content\/uploads\/image1-253-300x171.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/image1-253-768x438.png 768w\\\" sizes=\\\"auto, (max-width: 820px) 100vw, 820px\\\" \/><br \/>\\nSource: DeFiPulse.<\/p>\n<p>\\n<\/p>\n<p>The Aave protocol increased the volume of locked funds by 34% over the last 24 hours, bringing this figure to $734 million, and rose to third place.<\/p>\n<p>\\n<\/p>\n<p>Leading the gains in the sector are yEarn Finance and Curve, which added 171% and 149% respectively over the day.<\/p>\n<p>\\n<\/p>\n<p>Against a backdrop of continued growth in the DeFi sector, the average transaction fee in the Ethereum network <a href=\"https:\/\/u1f987.com\/en\/news\/ethereum-network-fees-hit-a-new-all-time-high-above-7\">updated<\/a> to a historical maximum on Thursday, August 13. At present the figure stands at $6.4, according to <a href=\\\"https:\/\/blockchair.com\/ethereum\/charts\/average-transaction-fee-usd?interval=3m\\\" target=\\\"_blank\\\" rel=\\\"noopener noreferrer\\\">Blockchair<\/a>.<\/p>\n<p>\\n<\/p>\n<p>In recent days there have been a number of high-profile events in DeFi. Yesterday the token of the experimental Yam project <a href=\"https:\/\/u1f987.com\/en\/news\/yam-defi-protocol-token-with-600m-in-assets-plunges-99-in-24-hours\">collapsed<\/a> by 99% after a failed attempt to fix a critical vulnerability. Prior to that, users locked assets worth $600 million in the protocol.<\/p>\n<p>\\n<\/p>\n<p>On the eve, an anonymous developer <a href=\"https:\/\/u1f987.com\/en\/news\/anonymous-developer-releases-curve-native-tokens-without-the-project-teams-knowledge\">triggered<\/a> an unscheduled launch of Curve protocol governance contracts, after which he distributed its CRV tokens ahead of their official announcement. To do this he used the project&#8217;s source code on GitHub.<\/p>\n<p>\\n<\/p>\n<p>Subscribe to ForkLog&#8217;s news on <a href=\\\"https:\/\/www.facebook.com\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener noreferrer\\\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The decentralised finance sector has set another record: the value of assets locked in protocols for the first time exceeded $5 billion, according to DeFiPulse.<\/p>\n","protected":false},"author":1,"featured_media":27265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1212,1093,1100],"class_list":["post-27264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aave","tag-defi","tag-makerdao"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=27264"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27264\/revisions"}],"predecessor-version":[{"id":27266,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27264\/revisions\/27266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/27265"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=27264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=27264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=27264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}