MakerDAO reached $200M in loan volume faster than Lending Club
Arianna Simpson · Decentralized Applications: What's Now, What's Next · Aug 29, 2019 · at 7:13
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Arianna Simpson compares the growth velocity of MakerDAO's decentralized lending protocol with traditional fintech platform Lending Club.
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“In their first year, year and a half of existence, they issued two hundred million dollars worth of these effective self loans. And that is, if we want to look at a public market comp like Lending Club, it took Lending Club five years to get to that kind of utilization metric.”
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