Editors Note: This article comes fromChatting with Xiaozha (ID: xiaonazha88), reprinted by Odaily with authorization.
Editors Note: This article comes from
Chatting with Xiaozha (ID: xiaonazha88)
Chatting with Xiaozha (ID: xiaonazha88)
The liquidity mining started by DeFi not only attracted high-quality assets on Ethereum to join the DeFi ecosystem, but also attracted BTC anchor currency assets based on Ethereum to continuously hit record highs and flow into the DeFi ecosystem.
DeFi is a decentralized financial tool. As a financial tool, its foundation is assets. Through DeFi tools, assets can be circulated to maximize the value of assets.
So how many assets has DeFi absorbed, and how big a market has it created? How many people are involved?
Lets talk about it below.
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1. DeFi absorbs high-quality assets
In the encrypted world, there are many high-quality assets, and there are three recognized high-quality assets, namely: BTC, ETH, and stablecoins issued by anchors.
How many BTC, ETH, and stable currency assets have DeFi attracted?
1. Attract BTC assets
According to DeBank data, the total circulation of the seven Ethereum-based Bitcoin-anchored coins (WBTC, renBTC, HBTC, imBTC, sBTC, BTC++, and pBTC) included in it has so far been 14,509 pieces.
A month ago, the total circulation of these seven Bitcoin-anchored coins was only 5,432, which means that in one month, the amount of BTC entering DeFi surged by 167%.
WBTC, as the first BTC-anchored currency issued on the basis of Ethereum (January 2019), has a high share of Bitcoin-anchored coins. The proportion of each anchored currency BTC is shown in the figure below.
Among them, renBTC is very eye-catching. At the end of May this year, less than two months after the launch of the Ethereum network, it successfully obtained a share of about 10%, with a circulation of 1493.
What caused the surge in the issuance of Bitcoin-anchored coins? From the above figure, it is mainly due to the surge of WBTC. Starting from the second quarter of this year, there are three reasons:
1) MakerDAO added WBTC as Dai collateral. On May 3, MakerDAO added WBTC as Dais collateral, providing a more direct platform for Bitcoin to enter the DeFi field.
2) Accumulation and mortgage of the centralized lending platform NEXO. On May 12th and 22nd, a total of 2,500 WBTCs were added, and these WBTCs were mortgaged through the Maker protocol.
3) Participate in the Liquidity Mining Incentive program. On June 18, Synthetix, a synthetic asset platform, announced the joint launch of a new liquidity incentive pool with Curve and Ren to provide liquidity incentives for Ethereum-based Bitcoin-anchored coins.
2. Attract ETH assets
According to data from dapptotal, the total amount of ETH locked in DeFi is 3,749,645, accounting for 3.36% of the total supply.
From the trend in the figure above, the amount of locked ETH has made a big breakthrough this year, but the increase in the amount of ETH locked in the past two months has not been large. In other words, liquidity mining does not attract many ETH assets.
3. Stable currency assets
According to DeBank data, 11 stablecoins on Ethereum (USDT, USDC, PAX, BUSD, Dai, etc.) are included, with a total circulation value of 7.93 billion US dollars, of which USDT accounts for 6.03 billion US dollars, as shown in the figure below.
2. The total locked-in amount and loan amount in the DeFi ecosystem
The amount of ETH locked assets is: 3,749,645 pieces, or a value of 920 million US dollars;
The amount of assets locked in BTC is: 14,509, worth 136 million US dollars.
According to DeBank data, there are $2.36 billion in assets locked in DeFi.
According to the above statistics, the amount of BTC and ETH locked in the DeFi ecosystem are:
The amount of ETH locked assets is: 3,749,645 pieces, or a value of 920 million US dollars;
The amount of assets locked in BTC is: 14,509, worth 136 million US dollars.
The sum of these two is: 1.036 billion US dollars, that is to say, the assets locked in DeFi of stable currency + various ERC assets are 1.324 billion US dollars.
According to DeBank data, the borrowing volume of the encryption market is 1.08 billion US dollars. Among them, Compounds total borrowings ranked first, about 827 million, accounting for 79.1%, Maker ranked second, with 181 million (16.76%), and Aave ranked third, with 27 million (2.5%).
So how big a market has been formed through DeFi mortgage lending, derivatives transactions, token issuance project tokens, etc.?
According to DeFiMarketCap data, the market value of various tokens in the Top 100 DeFi is 7.549 billion US dollars.
In other words, a market of 7.549 billion US dollars has been formed, and this market is still expanding.
It can be seen that the power and explosiveness of DeFi tools, so how many users has DeFi attracted?
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3. The number of DeFi users is less than 240,000
Lianwen News, Dune Analytics data shows that the total number of DeFi users reached 238,400, an increase of more than 23% from the beginning of June.
Among them, Balancer has the fastest growth rate, and its user base has increased by more than 580% compared with the beginning of June, with 7,132 new users, reaching 8,355.
Curves user base grew over 170% to 5,692 users.
Compound has 41,500 users, an increase of over 40% from early June.
In terms of user share,
Uniswap accounted for 38.61%
Kyber accounts for 34.59%
Compound accounted for 17.41%
OpenSea accounted for 8.58%
