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Market analytics toolkit Messari is reporting that the top Ethereum-based decentralized lending platforms have hit a massive milestone in the first quarter of 2021.
Messari revealed the news in a tweet this week, highlighting the progress made by decentralized finance (DeFi) platforms Aave, Compound (COMP) and MakerDAO (MKR).
“The lending sector went parabolic during the first quarter of 2021. DeFi’s most popular lending platforms reached $25 billion, the highest the sector has ever seen, including Aave, Compound, and MakerDAO.”
The analytics platform also notes that the value of outstanding loans in the sector has also reached an all-time high with Compound, MakerDAO and Aave capturing the lion’s share of the market.
