<p>There are now over $10 billion in assets locked across various decentralized finance (DeFi) protocols according to data from DeFi Pulse. The three protocols with the most value locked are Uniswap ($1.98B), MakerDAO ($1.95B), and Aave ($1.5b). </p> <div id="attachment_78932"class="wp-caption alignnone" style="max-width: 1394px;"><a href="https://www.theblockcrypto.com/linked/78931/defi-5" rel="attachment wp-att-78932"><img class="has-caption wp-image-78932 size-full" src="https://www.tbstat.com/wp/uploads/2020/09/DeFi.png" alt="" width="1384" height="632" /></a><p class="wp-caption-text">Source: DeFi Pulse, The Block Research</p></div> <p>While it took DeFi protocols over two and a half years to reach $1 billion in total value locked, it took under a year for the industry to grow to $10 billion. This rapid growth is likely attributed to the yield farming trend popularized in 2020, in which DeFi protocols offer tokens rewards to incentivize liquidity providers on their platforms.</p>