ETH: DeFi Sectors
DeFi on Ethereum by what it does: lending, decentralised exchanges and liquid staking side by side, with the money locked, the fees paid and the addresses using each. Figures come from CryptoKeyhole’s own Ethereum node and count Ethereum mainnet only.
Three different businesses
Lending earns interest, decentralised exchanges earn swap fees, liquid staking earns a cut of staking rewards. They attract different capital and different users, and they peak at different points of a market.
The panels below stack the sectors first, then open each one: how much money is locked, what users pay, and how many addresses take part. Each address counts once per sector and once in the all-sectors line.
Covered protocols only, Ethereum mainnet only: Aave, Spark, Compound v3 and Morpho Blue in lending, Uniswap and SushiSwap in trading, Lido in liquid staking.
DeFi TVL by Category
The value locked in the covered DeFi protocols on Ethereum each day, by what they do.
DeFi Fees by Category
The fees paid each day to the covered DeFi protocols on Ethereum, by category.
DeFi Daily Active Addresses
The addresses that used the covered DeFi protocols on Ethereum each day: all sectors together, each address once, and each sector on its own.
DeFi New Addresses
Addresses using the covered DeFi protocols on Ethereum for the first time each day.
DeFi Fees per Active Address
The average fees each active address paid each covered protocol per day.
Lending: Supplied by Protocol
Everything supplied to Ethereum's lending markets by protocol, collateral included.
Lending: Borrowed by Protocol
The debt outstanding on Ethereum's lending markets by protocol.
USDC Borrow Rate
What it costs to borrow USDC on Ethereum's lending markets.
Lending Liquidations by Protocol
Positions forcibly closed on Ethereum's lending markets, by protocol.
DEX Volume by Protocol
Spot trading volume on Ethereum's decentralised exchanges, by protocol.
DEX Trades by Protocol
How many trades Ethereum's decentralised exchanges settle, by protocol.
DEX Share of Spot Trading
Decentralised exchanges' share of crypto spot volume.
DEX Aggregator Share
The share of DEX volume routed through aggregators.
Liquid Staking Market Share
Each liquid staking protocol's share of the liquid-staked ether.
Liquid Staked Ether
The ether staked through liquid staking protocols.
Liquid Staking Rewards Rate
The rate at which staked ether earns rewards through each protocol.
Liquid Staking Net Flow
How much ether flows into or out of liquid staking.