RATE Group | Maker, Chainlink, EOS REX Led DeFi In 2019
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Maker, Chainlink, EOS REX Led DeFi In 2019

08 Feb Maker, Chainlink, EOS REX Led DeFi In 2019

Posted at 01:46h in Cryptocurrency News by

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Oracle platform Chainlink, the stablecoin lending platform Maker, and the EOS resource exchange REX led the growth in the DeFi segment of the cryptocurrency markets, according to TokenInsight’s latest report.

Blockchain data company TokenInsight has published its annual cryptocurrency report for 2019, with a partial focus on decentralized finance (DeFi) applications.

The report delves into which lending platforms attracted the most locked value or collateral in 2019, as well as which DeFi projects experienced the most growth over the course of the year.

Top Lending Projects

Maker earned its status as Ethereum’s most successful DeFi lending platform in 2019, according to TokenInsight. The app accounted for 76% of the total value locked in Defi lending apps, and it accounted for 75% of Ethereum’s total DeFi users.

Maker attracted $320 million of locked value in absolute terms:

Chart by TokenInsight
Source: TokenInsight

TokenInsight additionally noted that Maker’s stablecoin supply reached its peak last…

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