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.
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