回顾过去一年的Defi的发展

与传统金融（TradFi）相比，分散的金融（DEFI）已成为Web3中的一个大型且指数增长的部门。 Defi的目标高度一致

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)

汇编：felix，Panews（本文已编辑）

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.”

与传统金融（TradFi）相比，分散的财务（DEFI）已成为Web3中的一个大型且指数增长的部门。 Defi的目标与在加密货币空间中经常听到的短语一致：“储存无银行账户。”

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.

能够在没有银行的情况下提供全球金融服务的承诺是崇高的，Web3的大部分吸引力源于此。本文旨在从当前的角度回顾过去一年中DEF的发展。

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%.

总价值锁定（TVL）为$ 94.6B：在所有DEFI协议中锁定的资金量都是巨大的。但是，考虑到整个加密货币领域的市值目前约为2.8吨，它仍然只占3.3％的左右，因此有很大的增长空间。自去年以来，TVL的增长约1.5倍，达到了65.4B美元左右，但占加密货币空间的百分比，它仍然相当稳定，因为它先前占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的图表始于不到7年前的2018年6月，这完全表明Defi仍处于起步阶段。但是，在2021年11月，Defi TVL达到了1760亿美元的历史峰值。期望TVL再次达到这个高峰。

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达到了356亿美元：目前，超过37％的Defi TVL被ETH放在Aave和Lido中。这表明AAVE和LIDO都是主导的。去年，里多（Lido）领先，但随后艾夫（Aave）领先。此外，大多数Defi都发生在以太坊上，这仍然是最重要的区块链。

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的市值为2360亿美元：Stablecoins占2.8万亿美元加密市场的8.3％以上，是DEFI的两倍以上。 Stablecoins继续超过Defi TVL，这表明他们确实实现了产品市场的合适。

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中有太多数据，以至于可能是压倒性的。让我们仔细研究一些类别并分析关键点。

Head blockchain

头部区块链

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中最主要的球员，占TVL的52％，但这比去年的58.3％下降。索拉纳（Solana）是第二大竞争对手，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分别取代了Tron，分别为第二大公共连锁店，将Tron从第二名提高到第四名。这三个的主动地址数量远远超过以太坊的地址，索拉纳的地址超过430万，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.

以太坊的规程最多，目前超过1,320个，高于去年的960多个。

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.

比特币网络具有58个记录的DEFI协议，高于去年的12个。考虑到比特币不是为智能合约而设计的，它仍然占所有Defi TVL的4％以上，约为38亿美元。

Header Protocol

标题协议

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.

毫无疑问，AAVE是以太坊，声音，雪崩和索赔等几个EVM链中的最高贷款协议，但Morpho在基础上占主导地位。

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.

大多数区块链都有自己的贷款和稳定项目。恢复也在不断发展，因为许多主要区块链都有自己的协议，其中最大的播放器是特征层，但是佩尔网络的覆盖范围最广。

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

Stargate是TVL多个链中的主要跨链协议。

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

由于以太坊Defi的巨大交易量，有关以太坊的方案在相似方案之间占主导地位。

Protocol Category

协议类别

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.

贷款，跨链桥和流动性积累的TVL最高，它们之间的差距相对较小，范围从420亿美元到370亿美元不等。去年，流动性积累遥远，但差距缩小，借贷和跨链桥梁正在追赶。

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占所有贷款的44％，Lido占所有流动性积累的43％。这两个协议是迄今为止整个DEFI空间中TVL最高的两个协议。

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的降低了约180亿美元，最高协议是Uniswap，Curve和PancakesWap，每个协议都在9个以上的EVM链中运行。即使有较低的TVL，这是最有利可图的部分，