The Balancer automated market maker has reached the milestone of half a billion dollars in just 4 months, according to a recent tweet from Balancer Labs on August 2.
Balancer only launched in March 2020, but it quickly began to see investors flock to its protocol. In June, it was the fastest growing DeFi platform - which was a fantastic month for DeFi in terms of performance and launches. It continued to see an increase in volume, as DeFi as a whole began to take over the cryptocommunity’s imagination.
The current total value locked in Balancer is $250 million, which puts it in the top 10 DeFi protocols by total value locked.