Decentralized Finance: November 2018 Lending Activity

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

Christopher DeLuca
Dec 5, 2018 · 2 min read
Image for post
Image for post

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

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

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.

The Linen Wallet Blog

Start building wealth with DeFi

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store