2020 DeFi Industry Research Report: Lending, Stablecoins, Oracles and Future Outlook of the Industry
Summary
Summary
1. The locked-up value at the end of the quarter in the lending field increased by 294% compared with the beginning of the quarter, and the liquidation amount was 10 times that of the second quarter;
2. Since the end of September, MakerDAO has performed strongly, returning to the top of the lock-up value list. The degree of monopoly of lending is lower than that of DEX, and the overall industry has been able to generate relatively stable cash flow;
3. In the third quarter, the proportion of decentralized stablecoin issuance on Ethereum increased by 4.18%, and the issuance of DAI increased by 527%, reaching 900 million US dollars at the end of October;
4. DAI, USDT, and USDC are the assets with the highest outstanding debt in DeFi;
5. The amount of locked positions of WBTC is comparable to top DEX and loan projects, and the change of locked positions in September and October is far better than the overall level of DeFi;
6. The lock-up value of the aggregator yearn.finance increased by 97 times in the third quarter, and the price of YFI surpassed Bitcoin only two weeks after its launch, becoming the most expensive digital asset;
7. The oracle machine maintains a competitive pattern of "one super and many strong", and the development of DeFi directly affects the usage of oracle machines;
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To prevent illegal fund-raising activities under the banner of "blockchain" and "virtual currency" by various financial platforms, TokenInsight will strictly abide by national laws and regulatory regulations, and resolutely resist the use of blockchain for illegal fund-raising, network pyramid schemes, 1C0 and other Variations, dissemination of bad information and other illegal acts.
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