Value Locked in Defi Slides 21% in 2 Weeks, $200B TVL Still 10x Larger Than This Time Last Year

The worth locked successful decentralized concern (defi) has dropped 21.22% since January 4, 2022. At the time, the full worth locked (TVL) successful defi was $255.84 cardinal and today, the TVL is astir $201.55 billion.

TVL successful Defi Loses $54 Billion successful 2 Weeks

While integer currency markets shed important worth during the past 2 weeks, the worth locked successful decentralized concern has besides dropped considerably. Since the archetypal week of January, the TVL successful defi shed $54.29 cardinal successful value.

Today, the TVL successful defi is $201.55 billion which is down 1.19% implicit the past 24 hours. While defi has seen a important dip successful value, wide it has much than doubled its stock of the crypto economy.

In January 2021, the TVL successful defi was astir $20 cardinal and contiguous it is $201.55 billion, jumping 10x implicit the past year.

Since the commencement of 2021, the stock of defi successful the crypto system has “more than doubled from 2.8% to an all-time precocious of 6.5%,” according to stats from Coingecko.com’s annual crypto report.

At the clip of writing, the defi protocol Curve Finance has a dominance standing of 9.69% of the $201 cardinal locked. Curve is progressive connected 8 antithetic blockchains and has a TVL of astir $19.53 billion. Metrics amusement Curve’s TVL is down 16.34% implicit the past 7 days. Curve is followed by Makerdao, Convex Finance, Aave, and WBTC, respectively, successful presumption of full worth locked.

Ethereum Defi Dominance Still Reigns, Fantom’s TVL Jumps 59%

While the TVL successful defi contiguous is $201 billion, the worth locked successful Ethereum is $119.04 billion. Ethereum’s TVL represents 59.06% of the aggregate TVL crossed each defi protocols connected Sunday greeting (EST).

Terra’s blockchain commands $16.94 billion, followed by Binance Smart Chain’s $12.22 billion. Fantom commands the 4th largest presumption successful presumption of TVL held by a circumstantial blockchain with $12.06 cardinal today.

Avalanche holds the fifth-largest presumption with $8.62 cardinal TVL and Solana commands the sixth apical spot with $8.12 billion. Terra’s largest defi protocol is the exertion Anchor, BSC’s biggest is Pancakeswap, and Fantom’s is the Multichain protocol.

Avalanche’s biggest defi protocol connected Sunday is Aave and Solana’s is the exertion Serum. While astir blockchains shed worth this past week, Fantom’s TVL jumped 59.61% and Heco’s TVL spiked by 52.77% successful 7 days.

What bash you deliberation astir the latest enactment successful the satellite of decentralized finance? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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