The volume of assets in DeFi-protocols exceeded $4 billion

by in Cryptocurrency News

DeFi sector funds

The total amount of funds frozen in the services of the decentralized finance (DeFi) sector exceeded $4 billion. The most popular asset remains Maker, whose dominance index is over 30%.

Related: DeFi project Synthetix switched to decentralized management

According to the latest data, Maker accounts for $1.23 billion of all funds held in smart contracts, protocols, and Ethereum-based decentralized applications.

Compound and Synthetix follow $707.5 million and $506.3 million. Aave comes on the heels of Synthetix $504.7 million.

Recall, that Synthetix, the largest decentralized derivatives platform, has moved to a decentralized governance model. Now the organization behind the project is to be liquidated.