Decentralized Finance: November 2018 Lending Activity

An overview of lending activity on decentralized lending protocols Dharma, Compound, MakerDAO and dYdX

At Linen App, we’re building the future decentralized credit markets for digital assets. With the goal of increasing transparency, we’ve put together an overview of activity in the space. The data below represents on-chain lending activity over the past 30 days.

Executive summary

Protocols: Analysis

The total amount of principal borrowed in November, across all four protocols, was approximately USD 29.2m, compared to roughly USD 13.9m in October.

Compound Protocol

Total loaned principal: USD 2.88m

Number of loans: 76

Top borrowed assets by value (descending order): REP, ZRX and WETH

New supply across all assets: USD 14.08m

Top lending platform: Compound

Dharma Protocol

Total loaned principal: USD 8,728

Number of loans: 40

Top borrowed assets by value (descending order): WETH, MKR and REP

dYdX Protocol

Total loaned principal: USD 333,274

Number of loans: 54

Top assets (descending order): DAI and WETH

Top lending platform: Expo

MakerDAO Protocol