The total value locked (TLV) in the decentralized finance (DeFi) space has jumped by over 85% so far this month, from $4.2 billion to a $7.89 billion high on August 30, before moving back down to $7.79 billion at press time.

According to data from DeFiPulse, in just 27 days the total value of the cryptoassets locked in the space moved from $4.2 billion with several protocols now having over $1 billion locked in them. Available data shows DeFi lending protocol Aave is leading the space with $1.62 billion locked in it.

Behind it is Maker, the protocol used to create the cryptocurrency-backed stablecoin DAI, with $1.44 billion, with Curve Finance coming n third place with $1.12 billion. Decentralized exchange Uniswap follows Curve, with $948 million locked in it.

Source: DeFiPulse

 Another decentralized finance project bringing attention to the space is the Yearn Finance protocol, partly thanks to its native YFI token. Yearn Finance lets users leverage a variety of DeFi protocols to maximize their yield within the DeFi ecosystem.

Its YFI token has bee growing rapidly in value, so much so each token is now worth over $33,000. The token’s total supply is 30,000 and there are 29,963 YFI tokens in circulations. This means that while the token’s price has surpassed bitcoin’s all-time high near $20,000, YFI’s market cap is of little over $1 billion.

Data from Dune Analytics, first reported on by, shows decentralized exchanges have seen their trading volumes surge in the last 30 days to $10.42 billion, with the last seven days seeing decentralized applications swap a total of $2.8 billion.

Uniswap is the largest decentralized exchange in the space, capturing 60% of the global DEX trading volume. The number of users in the decentralized space has also moved up from 293,475 on August 1 to 388,011 on August 29.

DeFi users are measured per unique address interacting with each DeFi protocol. It’s worth noting one user may be using several addresses.

Featured image via Pixabay.