The value of assets locked in decentralized finance apps and protocols (DeFi) has exceeded $1B for the first time. According to DeFi Pulse, as of December 31, this figure amounted to $670.77M.
MakerDAO is still the most popular app in the DeFi ecosystem, with a dominance rate of almost 60%.
Synthetix and Compound are in second and third place, with $156 million and $125 million in locked value, respectively.
Uniswap, Bancor and Kybe are other major actors in the DeFi industry.
The success of the DeFi ecosystem is directly related to the rally in the price of Ethereum, which has surged by more than 50% over the last 30 days.
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