5 min readJan 6, 2020

Lending is the top DeFi use case, $850+ Million TVL with 76% based on Ethereum — 2019 DeFi Industry Annual Research Report Shows

TokenInsight’s 2019 DeFi Industry Annual Research Report promises to update you with the latest developments and changes occurring within the industry.

Key Points:

✅$850 Million

Total value locked in DeFi (at least).

✅～ 50%

MakerDao Dominance, accounted for about 50% in the ETH DeFi ecosystem.

✅Doubled

The total value locked (USD) in ETH DeFi more than doubled in 2019, from $ 290 Million to $680 Million, despite recent declines in the cryptocurrency price.

✅10X

DAI stablecoin saw the strongest market demand with only $3 Million locked in the DeFi protocol in the beginning of the year and grew exponentially to $30 Million at the peak.

✅$154 Million

Debt outstanding in USD more than doubled from $68 Million to $154 Million at the peak.

✅2.5%

ETH supply locked in DeFi accounted for roughly 2.5% of the current circulating supply.

✅～ 7%

EOSs in circulation have been locked in the EOS DeFi ecosystem.

✅Doubled growth

Lightning network saw a double growth in BTC value, from ~504 BTC to 1,100 BTC locked in the lightning network at the peak.

✅$2 Million/ $600 Million

The growth of DEX trading activities has been relatively slow but steady in the past year, the daily average trading volume across 2019 is ~ $2 Million compared to ~$600 million on a top tier centralised exchange.

✅DeFi lending will continue its pace in 2020 but will start to focus more on the integration of value added components, such as Oracle, DAOs, etc.

✅With the integration of liquidity aggregator and market making bot, DEXs will grow in a much faster pace in 2020, however centralised exchanges will still dominate the market.

✅Stablecoins will continue to grow and connecting the cryptocurrency industry and traditional fnance to bring a much wider adoption.

✅The DeFi industry will face some regulatory challenges, but proper DAO framework can help the DeFi projects to implement compliant governance mode

✅The industry should see an adoption of a pseudo-benchmark rate as the DeFi industry reference rate.

✅DeFi Financial instruments such as options, swaps will be created and gradually integrates with the existing DeFi infrastructure to help manage risks.

Download the Report

About TokenInsight

Founded in 2017, TokenInsight is a Leading Data & Tech Driven Blockchain Financial Institution. TokenInsight pioneered a complete blockchain industry classification system, covering more than 1,600 projects, releasing more than 300 rating reports, and conducting in-depth studies into 10 major industries.

TokenInsight’s data, ratings, and research reports have access to more than 70 data platforms worldwide, including Messari, Delta, Binance Info, AICoin, Huobi Info, etc., with a monthly PV of over 30 million. TokenInsight has officially joined the Data Accountability and Transparency Alliance (DATA), initiated by cryptocurrency ranking site CoinMarketCap.