DeFi lending TVL is outpacing DEXs due to more sustainable yield — VC
The total value locked in DeFi lending protocols has risen to new heights this bull cycle while DEXs have lagged in comparison. A crypto VC explains why.
Crypto users could be looking for a more sustainable yield this cycle, as total value locked in decentralized finance (DeFi) lending continues to hit new highs while decentralized exchanges (DEXs) have lagged in comparison.
DeFi lending protocols are currently the leading DeFi vertical in TVL at $53.6 billion, representing 43% of the $124.6 billion locked across all DeFi protocols. The figure also surpasses liquid staking.
Multichain lending protocol Aave currently holds $25 billion of locked value, accounting for nearly half of the DeFi lending market.
