Market Status(DeFi) Our Report
Moreover, the nearly 6,000% growth in Pancakeswap's total value means a 6,000% increase in liquidity and a pool to the protocol. DeFi applications rely on Pancakeswap (which provides liquidity, reducing unnecessary friction for users when interacting with intermediaries and applications. DeFi allows users to process loans and loans directly from the platform, eliminating banking and financial intermediaries. As Coingecko Defi writes, with more than $20 billion currently locked in 2021, loans account for nearly 70% of TVL in DeFi. Lending platforms like Maker made headlines for early DeFi as one of the dominant platforms accounting for nearly 50% of the sector's pegged value in 2019.