Value Locked in Defi Climbs Back Above $200 Billion, ETH Dominates Defi TVL by 54%

Value Locked in Defi Climbs Back Above $200 Billion, ETH Dominates Defi TVL by 54%

As the crypto economy nears the $2 trillion mark, the total value locked (TVL) in decentralized finance (defi) has risen above the $200 billion zone after slipping below that range for most of the year. While the TVL in defi dropped 0.51% during the last 24 hours, statistics show the TVL today is hovering around $210.29 billion with Curve Finance dominating by 8.75%.

- The value locked in decentralized finance has once again risen above the $200 billion mark as it’s been coasting along at $210.29 billion on March 20, 2022. At the end of January, the TVL in defi dropped to a low of $185.20 billion and since then, it’s jumped 13.54% to today’s value.

- The defi protocol Curve Finance, which operates on eight different blockchains, dominates the hundreds of defi protocol TVLs by 8.75% with $18.41 billion. The second-largest defi protocol in terms of TVL on March 20, is the Makerdao protocol with $16.2 billion total value locked. Curve and Makerdao are followed by Lido, Anchor, and Aave respectively.

- Terra’s Anchor protocol is now the largest lending defi protocol by TVL with $14.08 billion, while the lending protocol Aave holds $12.83 billion.

- In terms of TVL dominance among the several blockchains that support defi protocols, Ethereum dominates the $210.29 billion with 54.92% or 115.27 billion total value locked. Ethereum has a total of 570 different decentralized finance protocols with various TVLs on March 20.

- Terra is the second-largest defi chain as far as TVL is concerned, with $26.66 billion or 12.7% of the entire TVL in defi today. Terra is followed by Binance Smart Chain ($12.03B), Avalanche ($11.13B), Solana ($7.01B), and Fantom ($6.62B), respectively.

- On March 20, the top smart contract platform coins by market valuation equate to $642 billion in value. The top five smart contract platform coins by market cap include ethereum, binance smart chain, terra, solana, and cardano.

- The top five 24 hour smart contract platform coin gainers include ethereum classic, moonriver, qtum, boba network, and neo. Ethereum classic has gained 21.9% during the last 24 hours.

- The top five seven-day smart contract platform coin gainers include edenchain, ethereum classic, kylin network, gather, and casper network respectively. Edenchain (EDN) jumped 39.2% during the last seven days.

- In terms of market dominance between bitcoin (BTC) and the smart contract platform coin ethereum (ETH), BTC dominates the $1.9 trillion crypto economy by 40.4% and

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store