Total Value Locked in MakerDAO exceeded $ 1 B

Total Value Locked in MakerDAO exceeded $ 1 B

MakerDao is experiencing BOOM and their smart contracts reach a TVL balance of more than $ 1 billion.

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27 Jul 2020 , 09:55 @ Matey Salt

Total Value Locked in MakerDAO exceeded $ 1 B

MakerDao is experiencing BOOM and their smart contracts reach a TVL balance of more than $ 1 billion.

In the last days we can see a growing interest in DeFi products and this is also confirmed by MakerDao, which has reached the historical highest value in the Total Value Locked (TVL).

Just today, we managed to break the $ 1 billion, which means an important milestone for MakerDao.

The DeFi Pulse platform monitors all smart contracts for every single protocol running on the Ethereum blockchain. The statistics are then based on the total balance of ETH and ERC-20 tokens held by these smart contracts.

As for the total volume of TVl, it reaches $ 3.66 billion (at the time of writing this article) and Maker has a dominance of 27.69%.

Increased interest in DeFi also has a positive impact on the main Ethereum network, and the cryptocurrency ETH yesterday surpassed $ 300 after a long time, read here.

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    Matey Salt

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