kaal:claim:3606663-025

The DeFi lending market is highly concentrated: MakerDAO alone accounts for almost ninety percent of the total USD value locked in DeFi projects.

Source quote, verbatim

MakerDAO accounts for almost ninety percent of total USD value locked in DeFi projects.

From

Kaal, Digital Asset Market Evolution (2020), b) Lending and Borrowing, p. 25
https://ssrn.com/abstract=3606663 · source PDF

Cite as

Kaal, Digital Asset Market Evolution (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3606663

Holds when

DeFi projects measured by total USD value locked
period covered by DeFi Pulse data

Classification

empiricalsupport: evidenceddefieconomics

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