Digital asset data provider Kaiko has announced the launch of its new service that tracks market data of the three largest crypto lending protocols operating on the Ethereum (ETH) network.
Kaiko, the three largest crypto loan protocols on the Ethereum network Aave, Compound and MakerDAO launched a new data service that will track its data. With the new data service, these protocols loan, deposit, repayment, withdrawal and liquidation transactions can be tracked.
Based on current data, these protocols are approximately 15 billion dollars holding it in hand. The total amount of cash held by the three companies is greater than the total global liquidity locked in crypto loan protocols. more than 78% forming.
Managing director of on-chain market data of the company Philippe Redaelli He told The Block that the project has been in development for a while, but after the recent events in the cryptocurrency market, actors in the industry focus stated that it has become Redaelli also underlined that the FTX bankruptcy increased the use of DeFi protocols due to the transparency and financial opportunities they offer. Aave and Compound user base after FTX collapse 60% The general manager said that this is an indication that customers are now starting to see the benefits of DeFi very tangibly.
company CEO Ambre Soubiran and that their data is backed by trust and they are committed to all financial aspects of the crypto industry. provides transparency stated.