Daily TVL of DeFi lending platform Compound up until March 25, 2022

Published by
Raynor de Best,
Mar 25, 2022
The value staked in decentralized finance platform Compound was five billion USD lower in March 2022 than in November 2021. Compound is a crypto lending platform, where users can earn interest on their cryptocurrency by lending it to the app. It is one of the DeFi services with the highest market cap worldwide in 2022. In December 2021, Coinbase announced that their customers would be able to use the Compound protocol to lend their Dai to borrowers within the Coinbase app. Compound would then programmatically pool money from lenders and collect interest on that money from borrowers. However, these plans were not available in the United States after the Securities and Exchange Commission blocked former plans from Coinbase on crypto lending activities.

TVL (total value locked) of Decentralized Finance (DeFi) lending protocol Compound as of March 25, 2022 (in billion U.S. dollars)

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Release date

March 2022

Region

Worldwide

Survey time period

March 25, 2022

Special properties

The source states the data is tracked over "different blockchains", not just Ethereum

Supplementary notes

Figures have been rounded.

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Topics

Decentralized Finance (DeFI)CryptocurrencyNFTMetaverseEthereum (ETH)
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