MakerDAO and Lido Finance are dominating the DeFi market

According to DefiLIama, MakerDAO has become the largest decentralized finance (DeFi) ecosystem, with a TVL reaching a whopping $6.63 billion.

Lido Finance holds the second place; the project allows users to stake ETH to receive stETH to gain yield on top of yield. Lido Finance currently has a TVL of 5.68 billion USD.