https://defipulse.com/ is a good dashboard that highlights the amount of money "locked" (i.e. as collateral) in various DeFi protocols. It currently indicates $8 billion USD worth of locked funds.
In reality, the number is lower, because folks use "yield farming". You can put some collateral in one protocol, use that to mint some funds, and then collateralize that in another protocol. And rinse and repeat. There was a Twitter post[0] recently where someone analyzed this, and they found that the "true" TLV was more like ~3.5 billion out of $6.7b.
The space is growing quite quickly. A month ago, the TLV was 50% of what is was right now.
In reality, the number is lower, because folks use "yield farming". You can put some collateral in one protocol, use that to mint some funds, and then collateralize that in another protocol. And rinse and repeat. There was a Twitter post[0] recently where someone analyzed this, and they found that the "true" TLV was more like ~3.5 billion out of $6.7b.
The space is growing quite quickly. A month ago, the TLV was 50% of what is was right now.
[0]- https://twitter.com/damirbandalo/status/1295089928901140481