$25 billion.

This is the latest data on DeFi locked positions.

Throughout history:

It took two and a half years to break through $1 billion.

It took less than a year to break through $10 billion.

In the outbreak year of 2020, the lock-up volume will increase by nearly 24 times.

one,

one,Aave of Dark Horse* Hundred Times Coin

Aave is definitely one of the biggest dark horses* in the currency circle, with a current market value of $1.35 billion.

As the main force of DeFi lending, the Aave 1.0 + Aave 2.0 agreement has a mortgage amount of up to 2.8 billion US dollars, and its lock-up volume and token price have both hit record highs.

In 2017, Stani Kulechov, who was still studying for a master's degree in law at the University of Helsinki in Finland, and his friends launched the ETHLend project, with an ICO of $16.5 million.

Compared with EOS, which has raised billions of dollars in crazy financing, it is not eye-catching.

In September 2018, ETHLend changed its name to Aave.

Aave is a Finnish word meaning "ghost", representing Aave's efforts to create a transparent and open infrastructure for decentralized finance.

Currency Lego, for him, may just be a fun thing.

AC said, "DeFi allows us to cooperate, co-exist, and become individuals. I don't know what we should call it, but I am very excited about this model."

Second, the partner Cover was attacked and lost $3.2 million in one night and then regained it, which has to make people doubt AC's vision.

Third, there are not many cases of AC overturning.

Eminence, a new economic project in the multiverse of the game, was hacked due to a huge loophole, and lost 16 million US dollars.

LBI, which is trying to solve the problem of impermanent losses, rose up to 200 times. When many retail investors began to enter the market, the price of LBI plummeted all the way. In just 6 hours, the price of LBI currency returned to zero.

"If you don't understand it, don't use it."

three,

three,Quasi-unicorn FTX

FTX founder Sam Bankman-Fried (hereinafter referred to as SBF) entered the securities trading company Jane Street as a trader after graduating from college, and stayed there for three years and four months.

"Compared to the traditional financial market, the cryptocurrency market is still in its early stage and immature. There are many opportunities for secondary quantitative transactions, so I am here."

In September 2017, SBF resigned from his job, and two months later created Alameda Research, a quantitative trading start-up company in the secondary market, to provide liquidity for leading cryptocurrency trading platforms.

Within one or two years, Alameda Research's daily trading volume has reached 6 to 1 billion US dollars, becoming one of the largest liquidity providers in the cryptocurrency market. Binance, Huobi, and OKEx are all its customers.

On May 1, 2019, the second company founded by SBF, the trading platform FTX, provides services including over-the-counter trading, futures, index and spot trading. Alameda Research has naturally become a market maker for FTX to provide liquidity.

Since the cryptocurrency trading platform has long been a red sea, the traffic is mainly controlled by the top companies.

FTX has opened up its own territory in a red sea through differentiated competition strategies and continuous innovation.

Last year, new energy vehicles became popular, and Tesla's stock price soared nearly 10 times from its low point, which attracted much attention.

FTX took the opportunity to join forces with Digital Assets AG (DAAG) and CM Equity to launch equity token transactions for the first time, including TSLA, AAPL, and AMZN.

In addition, after Coinbase reported that it was about to go public, FTX took the lead again and launched the Pre-IPO futures CBSE.

SBF said: "Our traders have never seen the cryptocurrency market as a niche market. These products demonstrate a powerful future in which assets will be digitized and traders have unlimited creative potential to express their Faith in the market."

The FTX platform currency FTT has risen from 0.7 to 8.5 US dollars, out of the 11-fold market, and the current market value is 823 million US dollars, which is only one step away from the unicorn status.

On the other hand, FTT may not be particularly outstanding. After all, other platform coins such as GAT and OKB have also gone out of ten times the market.

In addition to the above, the currencies that performed well last year also included SNX, which rose from $1 to $12 today, with a market value of $1.7 billion.

Kain, the founder of Synthetix, said in his year-end review, “It’s hard to imagine that we just passed the cold winter at the end of 2019, and there were less than 10 people involved in the entire project. The daily transaction volume of SNX is only a few million dollars, and the liquidity is extremely weak. Today, it has Tens of millions of dollars in trading volume, one of the most liquid ERC-20 tokens in DeFi.”

The latest data shows that Synthetix lock-up is approaching $2 billion.

Counting carefully, many projects have risen in the currency circle, and many have ended, accompanied by stories of the rise and fall of countless people's wealth.

As Horace puts it:

Those who are already decayed now may reappear in splendor in the future;

What is favored today may become less popular in the future.