Ethereum
@ethereum
0/ 11 years ago, the vision for Ethereum was published in the Ethereum Whitepaper. The initial paper included ideas like savings wallets, financial contracts, and financial derivatives. These concepts anticipated what would become known as DeFi.
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Ethereum
@ethereum
1/ DeFi started out as an idea, but today it is real: it has expanded financial access to anyone with an internet connection. The current Total Value Locked (TVL) in DeFi on Ethereum is ~$81.2B.
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Ethereum
@ethereum
2/ DeFi isn’t just a vision, it’s live, global, and growing. At their peak, Decentralized Exchanges (DEXs) accounted for nearly 30% of global spot trading volume, closing in on centralized exchanges.
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Ethereum
@ethereum
3/ DeFi protocols on Ethereum are moving billions: @uniswap: ~$1B daily swaps Aave: $50B+ in net deposits 1inch: $700B+ traded Sky Ecosystem: $320M annual revenue @morpho: $7B+ deposited Spark: $200M revenue Euler Finance: $2.5B supplied & many, many more
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Ethereum
@ethereum
4/ @morpho quietly powers savings products for @coinbase and Lemon. New products, like Kraken through Aave on Ink, are positioned to expand these offerings. A sign of DeFi’s scalability and seamless integration.
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Ethereum
@ethereum
5/ In TradFi, interest rate swaps are a trillion-dollar market. Pendle brings that onchain, letting users trade yield directly. It now has $5B+ in TVL.
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Ethereum
@ethereum
6/ DeFi enables privacy and control. @railgun and @0xbowio enable fully private DeFi and shielded transfers. @cowswapfi and 1inch support MEV protection through offchain auctions and aggregators helping people get better prices.
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Ethereum
@ethereum
7/ Projects like @yearnfi and GMX are making DeFi more accessible. Yearn pioneered yield aggregation, automating strategies across protocols, while GMX brings leveraged trading onchain.
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