Study Finds DeFi Aggregators Likely to Keep Rising in Popularity

According to researchers at Messari, roughly 20% of the total trading volume on non-custodial Ethereum exchanges is generated by so-called DeFi aggregators.

\n

Such services not only help reduce transaction costs but also simplify users’ interactions with DeFi services.

\n

For example, platforms such as RAY curate the most advantageous lending services for users, helping to maximise the yields on locked crypto assets. DEX aggregators 1inch and DEX.ag enable exchanging crypto assets at the most favourable rates with minimal slippage.

\n

\n

More than 7% of the total Ethereum locked in DeFi is routed through the InstaDApp lending-service aggregator.

\n

\n

Messari argues that DeFi aggregators contribute to capital inflows into the Ethereum applications ecosystem.

\n

\n

“DeFi aggregators are truly useful services. The trend toward aggregation is likely to continue in the future,” experts say.

\n

According to DeFi Pulse, the value of Ethereum locked in DeFi smart contracts is close to $4 billion.

\n

\n

In this segment, MakerDAO leads, followed by the lending service Compound and the synthetic-asset platform Synthetix, which recently shifted to a decentralised governance model.

\n

What is decentralized finance (DeFi)?

\n

\n

Earlier, the analytics service CoinGecko released a book about DeFi in Russian.

\n

Subscribe to ForkLog’s channel on YouTube!