DeFi Protocol Convex Finance Crosses $20B

Convex Finance, a decentralized protocol for hosting financial instruments using Ethereum, has just surpassed $20 billion in TVL this Sunday!

Convex Finance is a decentralized financial protocol that provides a layer of infrastructure and financial instruments for the decentralized future.

Crossing $20 billion in total value locked (TVL) this Sunday, Convex Finance became the second-largest decentralized finance protocol on Ethereum, days after becoming the 4th-largest protocol on Ethereum by TVL. Convex Finance, a decentralized protocol for hosting financial instruments using Ethereum, has just surpassed $20 billion in TVL this Sunday!

The company had announced on July 3rd that it had crossed $10B in TVL. On July 5th, they also announced that they had crossed $15B in TVL. This means that Convex Finance has tripled its total value locked in just four days and now sits at $20 billion TVL, which is second only to MakerDAO’s Dai which sits at roughly $25 billion USD.

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