The aggregators are seeing early product-market-fit and will be able to capture significant value as the DeFi ecosystem grows.
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Aggregators now drive 20% of Ethereum DEX volume
Many aggregators are already emerging as leading DeFi projects, with decentralized finance management platform Instadapp now ranking as the sixth-largest protocol with $258.7 million in locked value. According to Messari, Instadapp locks more than 7% of value entering the DeFi space. Yearn.finance has also exploded recently, ranking as the 8th-largest project with $177.8 million in locked capital, according to DeFi Pulse.
