The total value locked (TVL) in decentralized crypto lending platform Anchor Protocol grew by roughly 50 percent within a month in 2022. The lending protocol was created within the Terra blockchain and launched in March 2021, first meant to support the demand for stablecoin TerraUSD (UST). One year later, it had already become one of the biggest DeFi platforms based on market cap. This popularity stems from the platform's promise to hand out a stable interest rate of nearly 20 percent for those looking to stake cryptocurrencies - a percentage described by some as "a benchmark yield for the whole industry".
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TVL (total value locked) of Decentralized Finance (DeFi) lending protocol Anchor Protocol as of August 31, 2023
(in billion U.S. dollars)
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DefiLlama. (September 1, 2023). TVL (total value locked) of Decentralized Finance (DeFi) lending protocol Anchor Protocol as of August 31, 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 20, 2025, from https://www.statista.com/statistics/1298067/daily-tvl-of-anchor-defi/
DefiLlama. "TVL (total value locked) of Decentralized Finance (DeFi) lending protocol Anchor Protocol as of August 31, 2023 (in billion U.S. dollars)." Chart. September 1, 2023. Statista. Accessed June 20, 2025. https://www.statista.com/statistics/1298067/daily-tvl-of-anchor-defi/
DefiLlama. (2023). TVL (total value locked) of Decentralized Finance (DeFi) lending protocol Anchor Protocol as of August 31, 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 20, 2025. https://www.statista.com/statistics/1298067/daily-tvl-of-anchor-defi/
DefiLlama. "Tvl (Total Value Locked) of Decentralized Finance (Defi) Lending Protocol Anchor Protocol as of August 31, 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 1 Sep 2023, https://www.statista.com/statistics/1298067/daily-tvl-of-anchor-defi/
DefiLlama, TVL (total value locked) of Decentralized Finance (DeFi) lending protocol Anchor Protocol as of August 31, 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1298067/daily-tvl-of-anchor-defi/ (last visited June 20, 2025)
TVL (total value locked) of Decentralized Finance (DeFi) lending protocol Anchor Protocol as of August 31, 2023 (in billion U.S. dollars) [Graph], DefiLlama, September 1, 2023. [Online]. Available: https://www.statista.com/statistics/1298067/daily-tvl-of-anchor-defi/