The Value Of Defi Has Fallen By More Than 25% Since The FTX Crisis
Total value locked (TVL) in decentralized finance (Defi) declined 25.5% to $42.12 billion from $55.94 billion on November 5th.
The failure of FTX has had a significant impact on decentralized finance (Defi), as the total value locked (TVL) in Defi has lost 25.5% of its value in 37 days.
TVL is currently valued at $42.12 billion and has risen 0.67% in the previous 24 hours.
Makerdao, the Defi protocol, now has the greatest TVL, with $6.26 billion in locked value and a dominance rate of 15.02%.
According to Defillama.com, Makerdao’s TVL declined 8.41% in the last month.
Following Makerdao, the most popular TVL defi protocols include Lido, Aave, Curve, Uniswap, Convex Finance, Justlend, Pancakeswap, Compound Finance, and Instadapp.
Aave had the most monthly decline among the top ten, shedding 15.18% of its value in 30 days. Convex Finance‘s TVL data, on the other hand, have climbed by 43.87% in the last month. With $23.98 billion, or 57.55% of the total locked value, Ethereum has the most locked value of any blockchain.
Binance Smart Chain (BSC) is the second-largest TVL, accounting for $4.99 billion, or 12.04% of the total. Following Ethereum and BSC in terms of TVL size are Tron, Arbitrum, Polygon, Avalanche, Optimism, Fantom, Cronos, and Solana.
On December 12, the total seven-day trade volume across all inter-chain bridges is anticipated to reach $810.67 million.
The total token economy of smart contract platforms is $261 billion, down 2.3% in the last 24 hours. The smart contract platform token economy has declined 7.77% in the last 62 days, from $283 billion to $261 billion today.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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