Value Locked in Defi Climbs Back Above $200 Billion, ETH Dominates Defi TVL by 54% – Defi Bitcoin News - BitcoinEthereumNews.com
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%. Defi TVL Rebounds, Ethereum Classic Spikes, Weekly NFT Sales Increase by 32% 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 todays 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. Terras Anchor protocol is now the largest lending defi protocol by TVL with $14.08 billion, while the lending protocol Aave holds