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8 signs this #DeFi bull market is nowhere close to slowing down 
1. Assets supplied to @compoundfinance have risen nearly 14x since the launch of the $COMP governance token, with supplied assets increasing from $124m on June 14th to $1.84B today.
h/t @nickmartitsch
h/t @nickmartitsch
3. Since launching a little over 4 months ago, @BalancerLabs has already hit the following milestones:
- $500m cumulative volume
- $6m fees for liquidity providers
- Currently averaging $10m in daily volume and more than 1k unique daily traders
h/t George Lambeth
- $500m cumulative volume
- $6m fees for liquidity providers
- Currently averaging $10m in daily volume and more than 1k unique daily traders
h/t George Lambeth
4. Value locked in @SetProtocol is once again at ATHs (~$23.5mil) with almost all of the capital currently positioned in $ETH, $WBTC or $LINK. This means that, collectively, all of the Sets are bullish on the market.
h/t @sassal0x
h/t @sassal0x
5. @SetProtocol has now processed $150m in rebalance volume with little to no slippage.
7. The number of users on @AaveAave continues to trend upwards, with July boasting ~8k combined lenders and borrowers.
h/t @isakivlighan @DuneAnalytics
h/t @isakivlighan @DuneAnalytics
8. Borrowing $DAI from @MakerDAO is cheaper than ever. Anyone can use popular collateral like $ETH, $USDC, and $WBTC to borrow $DAI from the Maker protocol for 0% interest.
h/t @0x_Lucas
h/t @0x_Lucas
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