{"id":69476,"date":"2022-11-02T17:10:57","date_gmt":"2022-11-02T15:10:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=69476"},"modified":"2025-09-07T20:15:47","modified_gmt":"2025-09-07T17:15:47","slug":"report-stablecoins-are-increasingly-used-in-defi-services","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/report-stablecoins-are-increasingly-used-in-defi-services\/","title":{"rendered":"Report: Stablecoins are increasingly used in DeFi services"},"content":{"rendered":"

Stablecoins have become more actively used as collateral in lending protocols. This is noted in the CoinMarketCap and TokenInsight report<\/a>.<\/p>\n

<\/p>\n

\n

\u201cUSDC, USDT and DAI collectively account for 58% of the collateral volume on MakerDAO and 52% on Compound. In the second quarter the figures rose from 50% and 40% respectively,\u201d the researchers noted.<\/p>\n<\/blockquote>\n

\\\"Report:
Data: CoinMarketCap<\/a>.<\/figcaption><\/figure>\n

According to experts, TVL<\/span> of lending projects MakerDAO, Aave and Compound has decreased by 59%, 61% and 74% since the start of the year. However, in the third quarter the figures remained almost unchanged. <\/p>\n

Compound’s share of the overall metric fell over three months from 22% to 16%.<\/p>\n

Among DeFi ecosystems, Ethereum continues to dominate by a large margin. However, the total TVL of Tron-based applications started to rise confidently after the Terra collapse<\/a> and the near-simultaneous launch of the algorithmic stablecoin USDD<\/a>.<\/p>\n

\\\"Report:
Data: CoinMarketCap<\/a>.<\/figcaption><\/figure>\n

Experts also noted growth of the ecosystem based on the layer-2 solution<\/a> from Optimism \u2014 161.62% in the third quarter. In their view, the platform has narrowed the gap to the leader of the segment \u2014 Arbitrum<\/a>. <\/p>\n

Earlier, Compound paused<\/a> support for tokens ZRX, BAT, MKR and YFI due to their low liquidity.<\/p>\n

Follow ForkLog’s Bitcoin news in our Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"

Stablecoins have become more actively used as collateral in lending protocols.<\/p>\n","protected":false},"author":1,"featured_media":69477,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,1097,807],"class_list":["post-69476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-lending","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69476","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=69476"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69476\/revisions"}],"predecessor-version":[{"id":69478,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/69476\/revisions\/69478"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/69477"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=69476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=69476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=69476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}