DeFi aggregator growth 'set to dwarf 2020’s volume'

DeFi aggregator growth 'set to dwarf 2020’s volume'


Decentralized finance aggregators are growing in popularity in 2021 as the embryonic industry continues to expand.

Delphi Digital analyst Ashwath Balakrishnan has observed that year-to-date growth for DeFi aggregators puts the sector on track to dwarf 2020’s figures.

The researcher noted 1inch, Matcha, and Paraswap facilitated a total $9.3 billion of volume across 2020 — but that as of Feb. 16, the 1inch exchange alone had recorded close to $10 billion in volume in just the first 46 days of 2021.

1/ Aggregators had a breakout year in 2020, with platforms like @1inchExchange and @zapper_fi recording significant growth

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The best part? YTD numbers indicate 2021’s growth is about to dwarf 2020’shttps://t.co/MC4ZlkEzVo

— Ashwath Balakrishnan (@ashwath_22) February 17, 2021

With liquidity being the lifeblood of decentralized finance markets, competition for collateral increases, and a market for aggregators to improve user experiences has emerged.

A DeFi aggregator is a platform that gathers information and prices from various other exchanges and automated

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