July 14, 2020 The total amount of assets borrowed on Compound exceeds $1 billion.

The total amount of assets that have been borrowed on the decentralized money market protocol, Compound, has exceeded $1 billion. According to the protocol’s market overview page, $1,002,092,204 has been borrowed by 4,575 entities, with DAI-based loans constituting 80% of the total amount borrowed. Following DAI, USD Coin and Ether are the second and third-most borrowed assets on the protocol respectively.