The Decentralized Finance sector has seen some significant growth in the amount of value locked into various platforms in the first few weeks of 2021.
In the space of four weeks from the beginning of December 2020 to January 2021, the DeFi space saw more than $10 bln locked into various platforms. Data from DeFiPulse shows that a total of $22.98bln is currently invested in the space.
Lending platforms are on top
A quick look at the breakdown of the value stored in various protocols show that lending platforms Maker and Aave account for the largest percentage dialed in by the DeFi community.
Maker accounts for $4.13 bln of the total value locked in by DeFi, while Aave sits in second place with $3.27 bln locked into its platform.
Decentralized exchange (DEX) Uniswap sits in third overall in terms of value stored, with $2.95 bln locked into the largest DEX. Curve Finance and SushiSwap have just less than $2bln locked into their respective platforms.