Top Defi Protocols In Total Value Locked TVL | May 2023

in #defi2 years ago

Here is the chart with data from defillama.com.

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The Lido protocol seems unstopable now with its staking ETH function. More than 12B in Ethereum there now.

On the second spot with 7B is the MakerDAO protocol that is used to mint DAI. Third is the number one lending protocol Aave. Curve comes on the fourth place with its stablecoins pools.

A regular DEX, so to speak comes on the fifth place with Uniswap.

The top five players have been there for a while now. Will they continue to dominate the defi arena or we will see some new things coming up. We are still early so everything is on the tabel.

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My favorite is AAVE.

Yea I'm using that one as well