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.
Total value locked in DeFi (at least).
MakerDao Dominance, accounted for about 50% in the ETH DeFi ecosystem.
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.
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.
Debt outstanding in USD more than doubled from $68 Million to $154 Million at the peak.
ETH supply locked in DeFi accounted for roughly 2.5% of the current circulating supply.
EOSs in circulation have been locked in the EOS DeFi ecosystem.
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.
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