Market

The total value locked in DeFi reaches nearly $ 200 billion, 69% of which is due to Ethereum

While the crypto industry saw a significant increase in performance in the first week of October, several DeFi tokens also generated impressive numbers.

At the top is Axie Infinity (AXS) with a growth of up to 119.8%, in second place is Shiba Inu (SHIB) with a growth of 92.3%, followed by QTUM with a growth of 42%, Terra ( LUNA) is up 37%, Binance Coin (BNB) is up 23% and Solana (SOL) is up 22%. Meanwhile, the Total Value Locked (TVL) in DeFi logs is now around $ 195 billion, up more than 14% since September 18.

TVL | Source: Defillama.com

At the time of writing, the Curve Protocol has a TVL of around $ 14.71 billion, which is the largest dominance at 7.52%, followed by Aaves $ 14.65 billion. While 5 blockchains are compatible with Curve, only three can connect with Aave.

Ethereum makes up 69% of TVL DeFi

Ethereum dominates TVL for various blockchains with currently $ 135.6 billion or 69.2%. Meanwhile, TVL Binance Smart Chain (BSC) ranks second at $ 17.18 billion, just 12.59% of TVL on the Ethereum blockchain.

Top 12 blockchains via TVL on DeFi | Defillama.com

BSC is followed by Solana (US $ 11.49 billion), Terra (US $ 9.97 billion), Polygon (US $ 4.6 billion), Avalanche (US $ 4.05 billion), Fantom (2 , $ 32 billion) and Waves ($ 1.94 billion).

Currently, according to data from Defillama.com, Curve is the leading decentralized exchange (DEX). Curve is followed by sushi swap, pancakes swap, uniswap, balancer and saber.

While Saber, Pancakeswap, Uniswap are all single chain DEX applications, Curve is connected to 5 crypto networks, Sushiswap is compatible with 13 blockchains and Balancer connects to 3 chains.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Teacher

According to News.Bitcoin

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.