DeFi continues to grow as new protocols grab market share

DeFi ProtocolsJuly 18, 2019, 6:50AM EDT
UPDATED: March 17, 2022, 5:57PM EDT
DeFi continues to grow as new protocols grab market share
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Decentralized Finance (DeFi), non-custodial financial protocols run (mostly) on top of Ethereum, have seen significant growth throughout the last year.

The existing DeFi protocols can be categorized into five categories:

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