Total Value Locked in Defi Surpasses $50 Billion Mark for First Time Since FTX Collapse

Crypto prices person surged successful worth implicit the past fewer days, and the full worth locked (TVL) successful decentralized concern (defi) has surpassed the $50 cardinal people for the archetypal clip since the illness of FTX. As of Feb. 16, 2023, the TVL successful defi is $51.1 billion, with the liquid staking protocol Lido accounting for 17.18% of the total.

Ethereum Dominates Defi With Over 60% of TVL, While Tron and Binance Smart Chain Battle for Second Place

In the past 24 hours, the full cryptocurrency marketplace has risen much than 5% against the U.S. dollar, and the marketplace capitalization of the apical astute declaration level tokens has increased by 7%. During the aforesaid period, ethereum accrued by 6.5%, BNB roseate by 4.2%, cardano accrued by 2.4%, and polygon roseate by 8.3% against the U.S. dollar. Solana saw a 3.9% increase, polkadot roseate by 3.6%, and avalanche gained 5.7%.

The aforementioned terms increases person propelled the full worth locked (TVL) successful decentralized concern (defi) supra the $50 cardinal people for the archetypal clip since Nov. 8, 2022. As of Feb. 16, 2023, statistics amusement that the TVL is astir $51.1 billion, with $8.78 cardinal held by Lido. Lido is the largest protocol successful presumption of TVL, capturing 17.18% of the total. The liquid staking protocol is followed by Makerdao, Curve, Aave, and Convex Finance, respectively.

Defi TVL statistic according to defillama.com connected Feb. 16, 2023.

This week, more than 60% of the full worth locked successful defi, amounting to $30.98 billion, is tied to Ethereum. Tron is the second-largest blockchain successful presumption of TVL size, commanding 10.39% of the full worth locked. Binance Smart Chain (BSC), which utilized to beryllium the second-largest concatenation successful presumption of TVL size, is present successful 3rd place, with 9.57% of the full value. After Ethereum, Tron, and BSC, the adjacent largest blockchains by TVL are Arbitrum, Polygon, Avalanche, Optimism, Fantom, and Cronos.

The largest protocol bridges successful presumption of worth locked see WBTC, Multichain, Justcrypto, and Portal. As of Feb. 16, 2023, the apical decentralized speech (dex) platforms see Uniswap, Curve, Sunswap, Pancakeswap, Balancer, Trader Joe, Spookyswap, Velodrome, and Orca. Dex platforms processed $3.7 billion successful planetary commercialized measurement implicit the past 24 hours. The largest lenders successful defi see Aave, Venus, Justlend, Radiant, Geist Finance, Solend, Tectonic, and Pando Rings.

What bash you deliberation is driving the caller surge successful crypto prices and the maturation of decentralized finance, and wherever bash you spot the manufacture headed successful the coming months? Share your thoughts successful the comments below.

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