Value Locked in Defi Sheds $55 Billion in 2 Months, Ethereum’s Defi Dominance Loses 14%

The crypto-economy has been sliding successful worth during the past 48 hours arsenic the existent marketplace valuation for each 13,000+ crypto assets is $1.83 trillion. Furthermore, the full worth locked (TVL) successful decentralized concern (defi) protocols has slipped beneath the $200 cardinal people to $196.02 cardinal connected Sunday greeting (EST). Meanwhile, Ethereum’s dominance is 55.54% of the existent aggregate TVL held successful defi contiguous with $108.88 billion.

Value Locked successful Defi Protocols Sink, Ethereum Loses Decentralized Finance Dominance

The worth successful defi protocols has slipped from the $251 cardinal people astatine the extremity of December 2021, to today’s existent $196.02 billion. That’s a driblet of astir 21.91% successful USD worth during the past 2 months.

On Sunday, March 6, 2022, the existent TVL held successful defi has accrued 0.11% during the past 24 hours with Curve Finance dominating the protocol pack. Curve’s $17.88 cardinal TVL represents 9.12% of the TVL held successful defi, arsenic it accrued 0.64% during the past week. Curve is followed by Makerdao ($15.15B), Lido ($12.79B), and Convex Finance ($12.58B).

Value locked successful decentralized concern (defi) connected Sunday, March 6, 2022.

Ethereum inactive dominates the TVL successful defi this weekend, but lone by 55.59%, according to defillama.com concatenation stats. On October 5, 2021, ETH defi dominance was 69% and implicit the past 5 months, it shed 14% dominance. Today, Terra holds the second-largest defi TVL with $22.67 cardinal locked, and much than fractional locked into the Anchor protocol.

Terra is followed by BSC ($11.71B), Avalanche ($10.74B), and Fantom ($7.69B) successful presumption of TVL held successful defi protocols connected Sunday. Solana’s defi TVL this play is $6.83 cardinal down much than 5% during the past 7 days.

At property time, determination are 381 decentralized speech (dex) platforms holding a combined TVL of astir $64.65 billion. Coingecko.com information shows Uniswap v3 is the apical dex this play with $856.6 cardinal successful 24-hour volume.

Uniswap v3 is followed by Pancakeswap ($317M), Spookyswap ($270M), Curve ($155M), and Astroport ($155) successful presumption of regular dex volumes. The top three starring astute declaration level tokens successful presumption of seven-day gains see waves (WAVES) up 51% this week, lisk (LSK) up 28.9% and wanchain (WAN) jumped 23.6%.

On March 6, there’s presently $23.37 cardinal full worth locked successful cross-chain bridges to Ethereum, according to Dune Analytics’ metrics. Leading cross-chain span TVLs see blockchains similar Avalanche, Polygon, Fantom, Ronin, and Arbitrum respectively.

Presently determination are 25 decentralized concern (defi) oracles and Chainlink dominates the pack. Chainlink secures $52.23 cardinal successful worth crossed 141 protocols, arsenic it has an oracle dominance of astir 54.83% connected Sunday morning.

What bash you deliberation astir the activities tied to the decentralized concern (defi) space? Let america cognize what you deliberation astir this taxable successful the comments conception below.

Image Credits: Shutterstock, Pixabay, Wiki Commons, defillama.com,

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