回顧過去一年的Defi的發展

與傳統金融（TradFi）相比，分散的金融（DEFI）已成為Web3中的一個大型且指數增長的部門。 Defi的目標高度一致

Author: A Fox in Web3 , Crypto KOL

作者：web3中的狐狸，加密kol

Compiled by: Felix, PANews (This article has been edited)

彙編：felix，Panews（本文已編輯）

Decentralized Finance (DeFi), which is often compared to traditional finance (TradFi), has become a large and exponentially growing sector in Web3. The goal of DeFi is highly consistent with the phrase that is often heard in the crypto space: “banking the unbanked.”

與傳統金融（TradFi）相比，分散的財務（DEFI）已成為Web3中的一個大型且指數增長的部門。 Defi的目標與在加密貨幣空間中經常聽到的短語一致：“儲存無銀行賬戶。”

The promise of being able to provide global financial services without banks is a lofty one, and much of the appeal of Web3 stems from this. This article aims to review the development of DeF over the past year from a current perspective.

能夠在沒有銀行的情況下提供全球金融服務的承諾是崇高的，Web3的大部分吸引力源於此。本文旨在從當前的角度回顧過去一年中DEF的發展。

Overview

概述

Total Value Locked (TVL) at $94.6B: The amount of money locked up across all DeFi protocols is huge. But considering that the market cap of the entire crypto space is currently around $2.8T, it still only accounts for around 3.3%, so there is a lot of room for growth. TVL has grown by about 1.5 times since last year to around $65.4B, but as a percentage of the crypto space, it has remained fairly stable, as it previously accounted for 3.5%.

總價值鎖定（TVL）為$ 94.6B：在所有DEFI協議中鎖定的資金量都是巨大的。但是，考慮到整個加密貨幣領域的市值目前約為2.8噸，它仍然只佔3.3％的左右，因此有很大的增長空間。自去年以來，TVL的增長約1.5倍，達到了65.4B美元左右，但佔加密貨幣空間的百分比，它仍然相當穩定，因為它先前佔3.5％。

DeFiLlama's chart starts in June 2018, less than 7 years ago, which fully shows that DeFi is still in its infancy. However, in November 2021, DeFi TVL reached a historical peak of US$176 billion. Expect TVL to reach this peak again.

Defillama的圖表始於不到7年前的2018年6月，這完全表明Defi仍處於起步階段。但是，在2021年11月，Defi TVL達到了1760億美元的歷史峰值。期望TVL再次達到這個高峰。

Aave and Lido TVL reached $35.6 billion: Currently, more than 37% of DeFi TVL is ETH staked in Aave and Lido. This shows that both Aave and Lido are dominant. Last year Lido was in the lead, but then Aave took the lead. In addition, most DeFi happens on Ethereum, which is still the most important blockchain.

Aave和Lido TVL達到了356億美元：目前，超過37％的Defi TVL被ETH放在Aave和Lido中。這表明AAVE和LIDO都是主導的。去年，裡多（Lido）領先，但隨後艾夫（Aave）領先。此外，大多數Defi都發生在以太坊上，這仍然是最重要的區塊鏈。

Stablecoins have a market cap of $236 billion: Stablecoins account for more than 8.3% of the $2.8 trillion crypto market, more than double that of DeFi. Stablecoins continue to outpace DeFi TVL, indicating that they have truly achieved product-market fit.

Stablecoins的市值為2360億美元：Stablecoins佔2.8萬億美元加密市場的8.3％以上，是DEFI的兩倍以上。 Stablecoins繼續超過Defi TVL，這表明他們確實實現了產品市場的合適。

There is so much data in DeFiLlama that it can be overwhelming. Let’s take a closer look at some of the categories and analyse the key points.

Defillama中有太多數據，以至於可能是壓倒性的。讓我們仔細研究一些類別並分析關鍵點。

Head blockchain

頭部區塊鏈

Ethereum is still the most dominant player in DeFi, accounting for 52% of TVL, but this is down from 58.3% last year. Solana is the second largest competitor with 8% TVL, but it is still more than 6 times smaller than Ethereum.

以太坊仍然是DEFI中最主要的球員，佔TVL的52％，但這比去年的58.3％下降。索拉納（Solana）是第二大競爭對手，有8％的TVL，但其比以太坊小6倍以上。

Solana and BSC replaced Tron as the second and third largest public chains respectively, pushing Tron from second to fourth place. The number of active addresses of these three far exceeds that of Ethereum, with Solana having over 4.3 million addresses, while Ethereum has only 442,000.

Solana和BSC分別取代了Tron，分別為第二大公共連鎖店，將Tron從第二名提高到第四名。這三個的主動地址數量遠遠超過以太坊的地址，索拉納的地址超過430萬，而以太坊只有442,000。

Ethereum has the most DeFi protocols, with more than 1,320 currently, up from more than 960 last year.

以太坊的規程最多，目前超過1,320個，高於去年的960多個。

The Bitcoin network has 58 documented DeFi protocols, up from 12 last year. Considering Bitcoin was not designed for smart contracts, it still accounts for more than 4% of all DeFi TVL, about $3.8 billion.

比特幣網絡具有58個記錄的DEFI協議，高於去年的12個。考慮到比特幣不是為智能合約而設計的，它仍然佔所有Defi TVL的4％以上，約為38億美元。

Header Protocol

標題協議

There is no doubt that Aave is the top lending protocol among several EVM chains such as Ethereum, Sonic, Avalanche, and Arbitrum, but Morpho dominates on Base.

毫無疑問，AAVE是以太坊，聲音，雪崩和索賠等幾個EVM鏈中的最高貸款協議，但Morpho在基礎上占主導地位。

Most blockchains have their own lending and stablecoin projects. Restaking is also evolving as many major blockchains have their own protocols, with the largest player being Eigen Layer, but Pell Network having the widest coverage.

大多數區塊鏈都有自己的貸款和穩定項目。恢復也在不斷發展，因為許多主要區塊鏈都有自己的協議，其中最大的播放器是特徵層，但是佩爾網絡的覆蓋範圍最廣。

Stargate is the main cross-chain protocol across multiple chains in TVL.

Stargate是TVL多個鏈中的主要跨鏈協議。

The protocol on Ethereum dominates among similar protocols due to the huge transaction volume of Ethereum DeFi.

由於以太坊Defi的巨大交易量，有關以太坊的方案在相似方案之間占主導地位。

Protocol Category

協議類別

Lending, cross-chain bridges, and liquidity staking have the highest TVL, with relatively small gaps between them, ranging from $42 billion to $37 billion. Last year, liquidity staking was far ahead, but the gap has narrowed, with lending and cross-chain bridges catching up.

貸款，跨鏈橋和流動性積累的TVL最高，它們之間的差距相對較小，範圍從420億美元到370億美元不等。去年，流動性積累遙遠，但差距縮小，借貸和跨鏈橋樑正在追趕。

Aave accounts for 44% of all lending, and Lido accounts for 43% of all liquidity staking. These two protocols are the two with the highest TVL in the entire DeFi space to date.

AAVE佔所有貸款的44％，Lido佔所有流動性積累的43％。這兩個協議是迄今為止整個DEFI空間中TVL最高的兩個協議。

DEXs have a much lower TVL of around $18 billion, with the top protocols being Uniswap, Curve, and PancakeSwap, each running on more than 9 EVM chains. Even with a lower TVL, this is the most profitable segment, with

DEX的TVL的降低了約180億美元，最高協議是Uniswap，Curve和PancakesWap，每個協議都在9個以上的EVM鏈中運行。即使有較低的TVL，這是最有利可圖的部分，