Lending deposits on the three biggest Ethereum DeFi platforms hit a record high in the first quarter of 2021.
Aave, Compound, and MakerDAO collectively held more than $25 billion from users, according to a report from data analytics firm Messari.
The quarter also set a record for outstanding loans, as $10 billion in funds from those platforms were redistributed to other users on the platform. Roughly 53% of the loans came from Compound, compared to 30% from MakerDAO and 17% from Aave.
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