The TVL of MakerDAO protocol is nearing $5 billion, having reached $4.85 billion as of Jan. 29.
- Having gained over $2 billion in TVL since the start of the year, Maker is the DeFi protocol with the highest value locked in, ahead of Aave (AAVE) with $3.86 billion and Compound (COMP) with $3.31 billion
- The TVL had been growing steadily during 2020, and experienced a sharp rise alongside the market’s rally in Jan. 2021
- The protocol currently has 2.8 million in ETH locked, and has a hold on 17.87% of the DeFi market
- MakerDAO has had a very successful 2020, noting in 2020 year in review that it had handed MKR token control to the governance community and added several types of collateral, including WBTC, and Chainlink (LINK), Compound (COMP) and Loopring (LRC)