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Current state of DeFi in 2021: Part 1

Quick Take

This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report

Maker was the largest lending platform by value locked and outstanding debt
Curve and Uniswap v3 were the largest decentralized exchanges by value locked and volume, respectively
dYdX outpaced other derivatives protocols in volume after the introduction of its recent liquidity mining program
Convex surpassed Yearn and became the largest yield optimizer by value locked


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