The Total Value Locked (TVL) in DeFi logs has reached an all-time high (ATH) and is currently at $ 256.57 billion.
TVL topped $ 200 billion in DeFi in the second week of October, and two weeks later, in November, that number rose 25%. The increase in value is not only due to adding more value to DeFi protocols, but also crypto assets like Ether (ETH), Solana (SOL) and Avalanche (AVAX) have increased significantly. Today, the TVL on the Ethereum blockchain is $ 172.75 billion, which is 67% of all blockchains.
TVL in DeFi on November 3rd, 2021 | Source: Defillama
The second largest DeFi blockchain in terms of TVL is Binance Smart Chain (BSC) at $ 19.68 billion, or 7.707%. Solana’s TVL rose 19.73% over the past week to $ 14.86 billion, or 5.58%. Tron saw 40.57% growth when its TVL was $ 6.19 billion. Arbitrum rebounded on ATH with a TVL of $ 2.69 billion, up 18.57% last week.
Top 10 DeFi blockchains according to TVL | Source: Defillama
“Weekly Defi Report” is available publish from Coin98 Analytics states that Pancakeswap has reached “more than 600,000 daily active users” on BSC. In addition, the analysis also found that active BSC addresses were mining 1.9 million wallets per day.
Coin98 Analytics said that in addition to the increase in active addresses, BSC also saw an increase in daily transactions.
The address is active in the networks every day | Source: Coin98 Analytics
“BSC’s daily transactions increased along with the number of daily active addresses, reaching 10.8 million transactions this week. Ethereum and Polygon are also showing signs of growth in daily trading volume this week as Ethereum hit 1.5 million transactions per day (+ 18.26%) and Polygon 4.6 million transactions per day (+ 39.94%), ”adds the study by Coin98 Analytics added.
On Wednesday, the DeFi Curve protocol saw a 9.28% increase in seven days with a TVL of $ 19.94 billion. Curve dominates 7.87% according to today’s figures. The largest DEX in terms of swap volume (swap) was Uniswap for the past 30 days at $ 16.53 billion.
Top 3 DEX apps in the past month | Source: Dappradar.com
Quickswap, Polygon’s popular DEX protocol (MATIC), saw a trading volume of $ 3.61 billion in the past few months. Avalanche-based trader Joe is the third largest by 30-day trading volume at $ 1.96 billion, according to Dappradar.com’s DEX ranking.
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
Digital asset investment products saw their fourth straight week of outflows, totaling $251 million, prompted…
Singapore, Singapore, May 7th, 2024, ChainwireAs the digital dawn of gaming rises, the visionary minds…
Australian Taxation Office (ATO) has taken a decisive step in its pursuit of tax compliance…
LayerZero CEO Bryan Pellegrino has announced stringent measures regarding airdrops within the LayerZero Labs ecosystem.
The United States Securities and Exchange Commission (SEC) has extended its decision deadline for the…
LayerZero Labs collaborates with Chaos Labs and Nansen to conduct a LayerZero sybil detection report…
This website uses cookies.