Funds Blocked in Maker Reach $1B For the First Time
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27 July
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The volume of funds blocked in the DeFi protocol MakerDAO has hit $1B for the first time in its history, according to data provided by DeFi Pulse. As a result, MakerDAO has consolidated its leading position in the decentralized finance market.

The volume of funds blocked in Maker has grown by 7.4% over the last 24 hours. Since the beginning of July, the total amount of funds blocked in the protocol has grown by $555M. In addition, Maker's market share exceeds 27.6% at press time.

For its part, Compound is in second place after overtaking Aave again. $232M separates it from first place. Over the past 24 hours, the amount of funds blocked in the protocol has increased by 17.7%.

Regarding the funds blocked by Aave, they have fallen by 31% or $405.6M. $15M separates it from Synthetix, the third largest DeFi project by funds blocked.

The total amount of funds blocked in the DeFi industry is $3.62B.

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