Value Locked in Defi Loses $5.7 Billion in 5 Days, Smart Contract Tokens Shed 7.8% in 24 Hours

The full worth locked (TVL) successful decentralized concern (defi) has slid 8.53% implicit the past 5 days since August 14, 2022. At the time, the TVL was $67.87 cardinal but today, the worth locked successful defi is astir $62.08 billion. Moreover, the apical astute declaration level tokens by marketplace valuation contiguous are worthy $372 billion, but wide the dozens of astute declaration crypto assets person mislaid 7.8% successful worth during the past 24 hours.

Smart Contract Token Economy Slides Lower, Total Value Locked successful Defi Loses 8.53% Since August 14

On August 19, 2022, the apical astute declaration tokens similar ethereum (ETH), binance coin (BNB), cardano (ADA), solana (SOL), polkadot (DOT), and avalanche (AVAX) are each down successful worth against the U.S. dollar. There are dozens of astute declaration tokens and collectively they are each worthy $347 billion, down 7.8% according to today’s market data.

Ethereum leads the battalion with the largest marketplace capitalization arsenic ETH present commands 19.2% of the crypto economy’s $1.14 trillion successful value. Out of the full batch of astute declaration coins worthy $347 billion, ETH’s $208 cardinal marketplace headdress represents 59.94% of the apical astute declaration tokens by valuation.

At the aforesaid time, the astute declaration crypto system equates to astir 32.12% of the crypto economy’s $1.08 trillion valuation. While the apical astute declaration tokens’ marketplace performances person been lackluster, the worth locked successful defi has been the same. Today there’s $62.08 cardinal successful worth locked into the galore defi protocols successful beingness and defillama.com stats item the protocol Makerdao dominates by 13.45%.

Data shows that the defi protocol Makerdao’s TVL connected August 19, is astir $8.35 billion. Following Makerdao’s TVL, today’s apical defi protocols by TVL see Lido ($7.62B), Aave ($6.91B), Curve Finance ($5.98B), Uniswap ($5.88B), Convex Finance ($4.32B), and Justlend ($3.27B). In presumption of the blockchain with the largest TVL metric, Ethereum is inactive the reigning champ with $36.31 billion oregon 59.04% of the TVL successful defi.

Ethereum is followed by Tron, Binance Smart Chain, Polygon, Avalanche, Solana, Cronos, Arbitrum, Optimism, and Fantom, respectively. In examination to Ethereum, the second-largest blockchain by defi TVL metrics, Tron, commands $5.63 cardinal oregon 9.15% of the $62.08 cardinal locked successful defi protocols today.

While the tenth-largest blockchain by defi TVL data, Fantom, has astir $588 cardinal oregon 0.96% of the TVL successful defi, Justlend is the largest defi protocol connected the Tron web arsenic it dominates by 58.14% of the network’s $5.63 cardinal locked successful defi, oregon $3.27 cardinal successful USD value. Binance Smart Chain’s largest defi protocol is Pancakeswap, Polygon’s is MM Finance, Avalanche’s largest is Aave, and Solana’s is Marinade Finance.

With Ethereum being the apical defi chain, the network’s top collateralized indebtedness presumption (CDP) protocol is Makerdao, the biggest liquid staking exertion is Lido, and Uniswap rules the roost successful presumption of Ethereum decentralized speech (dex) platforms. Aave is Ethereum’s largest lending application, the WBTC span has the astir worth locked, and Convex Finance is Ethereum’s apical output protocol successful presumption of TVL.

What bash you deliberation astir this week’s decentralized concern marketplace enactment and the worth locked successful these protocols? Let america cognize what you deliberation astir this taxable successful the comments conception below.