Partnered With:

DeFi lockup data: Synthetix, Compound shares up, Maker challenged

Read this article in 3 Minutes

In two years, DeFi has grown rapidly.

BlockBeats: according to the video on the evolution of lockup value ratio of DeFi project 2018-2020 produced by cryptocurrency big V James Todaro, Synthetix, a synthetic asset issuing platform, and Compound, a lending platform, have developed rapidly, increasingly challenging Maker's dominant position.

According to the video, in January 2018, the lockup value of the DeFi project was approximately $71.04 million, with Bancor at $41.17 million and Maker at $29.87 million.

By January 2019, Maker's lock-up value had reached $235 million, 11.75 times the value of the second-ranked Compound lock-up and accounting for about 90% of the total lock-up value of the entire DeFi market.

By January 2020, Maker's lock-up value reached $392 million, representing less than 60% of the total lock-up value of the entire DeFi market. Synthetix had lock-up values of $123 million and Compound lock-up values of $93 million. In addition, Uniswap's lockers, valued at $32 million, are growing rapidly.