Volume of assets locked in DeFi protocols reaches $100 billion

According to data from DefiLlama, the total value locked (TVL) in the decentralized finance sector has for the first time exceeded $100 billion.

Unstoppable.https://t.co/bPgTVWPECy pic.twitter.com/wOry5AXACV

— DefiLlama.com (@DefiLlama) April 6, 2021

Ethereum-based DeFi protocols account for about 80% of the volume, while projects on the Binance Smart Chain (BSC) network account for roughly 15%.

The leader in the rankings is Compound, with $9.34 billion. The top 10 protocols on the list have $62.4 billion locked.

Platforms DeFi Pulse and DeBank give TVL for the segment roughly half as large — $52.2 and $54.3 respectively. The leadership of Compound is confirmed by all three services, but the composition of the top ten differs among them.

According to DefiLlama, the total TVL of DeFi protocols at the start of 2021 stood at $20.74 billion. This figure also diverges among analytics platforms: DeFi Pulse recorded about $16 billion, DeBank — $24.6 billion.

TVL around $80 billion by the end of March, according to DefiLlama. Over the past seven days, almost all leading projects posted double-digit growth in the metric. For VakerDAO, SushiSwap and Bankor, the increase exceeded 100% during this period.

In early March, the UNI token of the Uniswap decentralized exchange entered the top-10 of cryptocurrencies by market capitalization. The coin remains eighth in the ranking.