Decentralized Finance (DeFi) Ecosystem Holds $39.50 Billion Across Top Categories
As of October 1, 2023, the decentralized finance (DeFi) landscape boasts $39.50 billion in crypto assets distributed across various categories.
The top categories include liquid staking derivatives with $23.05 billion, lending with $15.14 billion, decentralized exchanges (DEX) with $11.82 billion, bridges connecting networks with $9.17 billion, and collateralized debt positions (CDP) with $8.23 billion. These categories offer different financial services within the DeFi ecosystem, allowing users to stake assets, lend and borrow, trade directly, transfer tokens between networks, and pledge assets as collateral for borrowing. Prominent protocols leading these categories include Lido Finance, Aave, Uniswap, WBTC, and Makerdao, each excelling in their respective fields.
Clever Robot News Desk 2nd October 2023
