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Value locked into DeFi protocols hits $1 billion

The total amount of money locked into decentralized finance (DeFi) applications and protocols has crossed a milestone of $1 billion. There has been a growth 50% since the start of this year as the amount locked was $670.77 million as of Dec. 31, 2019, according to DeFi Pulse. The current locked value stands at around $1.01 billion. Maker, the Ethereum-based lending protocol, remains the leader in the space with nearly 59% dominance. The amount of funds locked in Maker is now worth over $601 million.

Source: The Block:
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