{"id":27738,"date":"2020-08-26T11:34:01","date_gmt":"2020-08-26T08:34:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=27738"},"modified":"2025-08-26T22:51:52","modified_gmt":"2025-08-26T19:51:52","slug":"assets-locked-in-defi-protocols-exceed-7-billion","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/assets-locked-in-defi-protocols-exceed-7-billion\/","title":{"rendered":"Assets Locked in DeFi Protocols Exceed $7 Billion"},"content":{"rendered":"

Assets locked in DeFi protocols total $7.05 billion. The six largest projects account for 90% of this amount. The Maker protocol ceded the lead to Aave. Data comes from the analytics resource DeFi Pulse<\/a>.<\/p>\n

<\/p>\n

In less than two months, the value locked has grown by a factor of 3.7.<\/p>\n

As of writing, $1.53 billion is locked in Aave, and $1.41 billion in Maker. The project that reached the top in June with $792.8 million has fallen out of the top five, ceding to yearn.finance and Synthetix.<\/p>\n

\\\"Assets<\/p>\n

Data: DeFi Pulse<\/p>\n<\/div>\n

The company behind the Aave protocol, received<\/a> a licence as an electronic money institution in the United Kingdom. The licence allows the recipient to provide payment services and issue digital monetary alternatives.<\/p>\n

High concentration of assets in the six largest projects may be the result of recent surges and declines of meme projects. Their ‘pioneer’ became<\/a> Yam, and continued<\/a> the work of the flashy clone Spaghetti Money.<\/p>\n

Earlier, Ethereum co-founder Vitalik Buterin urged those who do not understand how decentralized finance works not to participate in the latest ‘hot DeFi news’ and to risk only a small amount for the rest.<\/p>\n

Subscribe to ForkLog news on VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

Assets locked in DeFi protocols total $7.05 billion. The six largest projects account for 90% of this amount. The Maker protocol ceded the lead to Aave. Data from DeFi Pulse.<\/p>\n","protected":false},"author":1,"featured_media":27739,"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":[1093],"class_list":["post-27738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27738","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=27738"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27738\/revisions"}],"predecessor-version":[{"id":27740,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/27738\/revisions\/27740"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/27739"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=27738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=27738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=27738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}