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

• Total loaned principal: USD 25.99m
• Number of loans: 2404
• Top lending platform: Collateralized Debt Position Portal

The data for Dharma Protocol and MarkerDAO Protocol was pulled from Loanscan.io, an analytics platform for debt issued on the Ethereum blockchain.

If you’re excited to learn more about digital asset lending markets, reach out to us at hello@linen.app.