Compound Hits $15 Billion In Total Lending Value as DeFi Boom Continues

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Over $15 billion worth of cryptocurrency is available for borrowing on decentralized lending protocol Compound, which today reached new heights amid the crypto bull run.
The total amount of crypto up for borrowing on the lending app refers to the total amount that can be borrowed as instant, non-custodial crypto loans. The figure rose rapidly from $10 billion on 20 February to $15 billion today.
As of today, 34% of the value supplied to the platform is in ETH (Ethereum’s native token), 19% is in the US dollar-pegged stablecoin DAI, and 23% is in US dollar-pegged stablecoin USDC. The value is supplied by 284,845 users.
Compound dominates the decentralized finance market. About 19% of the value locked up in DeFi—$9.24 billion out of a total $48.75 billion—is locked up in the app, according to DeFi metrics site DeFi Pulse. Next up is Maker with $7.79 billion, followed by Aave with $5.80 billion. Source