0/ 11 years ago, the vision for Ethereum was published in the Ethereum Whitepaper.
The initial paper included ideas like savings wallets, financial contracts, and financial derivatives.
These concepts anticipated what would become known as DeFi.
1/ DeFi started out as an idea, but today it is real: it has expanded financial access to anyone with an internet connection.
The current Total Value Locked (TVL) in DeFi on Ethereum is ~$81.2B.
2/ DeFi isn’t just a vision, it’s live, global, and growing.
At their peak, Decentralized Exchanges (DEXs) accounted for nearly 30% of global spot trading volume, closing in on centralized exchanges.
3/ DeFi protocols on Ethereum are moving billions:
@Uniswap: ~$1B daily swaps
@aave: $50B+ in net deposits
@1inch: $700B+ traded
@SkyEcosystem: $320M annual revenue
@MorphoLabs: $7B+ deposited
@sparkdotfi: $200M revenue
@eulerfinance: $2.5B supplied
& many, many more
4/ @MorphoLabs quietly powers savings products for @coinbase and @lemonapp_ar.
New products, like Kraken through @aave on Ink, are positioned to expand these offerings.
A sign of DeFi’s scalability and seamless integration.
5/ In TradFi, interest rate swaps are a trillion-dollar market.
@pendle_fi brings that onchain, letting users trade yield directly. It now has $5B+ in TVL.
6/ DeFi enables privacy and control.
@RAILGUN_Project and @0xbowio enable fully private DeFi and shielded transfers.
@CoWSwap and @1inch support MEV protection through offchain auctions and aggregators helping people get better prices.
7/ Projects like @yearnfi and @GMX_IO are making DeFi more accessible. Yearn pioneered yield aggregation, automating strategies across protocols, while GMX brings leveraged trading onchain.
8/ @Superfluid_HQ and @SablierHQ enable real-time programmable payments, changing how people and DAOs send salaries, pay for services, and manage funds on Ethereum.
9/ What started as an idea is now powering millions of transactions, across dozens of protocols and use cases.
Finance is evolving: instant, global, and always on.
DeFi on Ethereum is the open, trusted foundation for the next decade.
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