Quick Take
- This is a section from The Block Research’s upcoming 2022 Digital Assets Outlook report
- Maker was the largest lending platform by value locked and outstanding debt
- Curve and Uniswap v3 were the largest decentralized exchanges by value locked and volume, respectively
- dYdX outpaced other derivatives protocols in volume after the introduction of its recent liquidity mining program
- Convex surpassed Yearn and became the largest yield optimizer by value locked