Decentralized Finance (DeFi) has become an exciting and highly valued movement in the blockchain space, with impressive innovation and growing traction in the last two years. In February, the Total Locked Value (TVL) in DeFi projects exceeded $ 1 billion for the first time. The value fell the following month, but the TVL in DeFi is now flirting with that goal again. While $ 1B is a relatively modest amount by conventional financial sector standards, decentralized technologies clearly have the potential to power innovative and diverse products and services. And Protocol Maker is front and center.

The Maker Protocol gained popularity when Dai became DeFi's most widely used cryptocurrency . But the DeFi space is a fast-moving area, even for blockchain technology, so the question is not simply which protocols are establishing a DeFi foothold, but also how existing services are being used, where new ones are headed. products and what trends are consolidating.