TVL in DeFi is losing 5% in the last 24 hours, AMM and Rebase tokens are down 15-23%

Since mid-November, Total Value Locked (TVL) in DeFi has dropped from $ 257 billion to $ 250.84 billion, losing more than 5% in the past 24 hours. In the past seven days, DeFi tokens like Uniswap, Pancakeswap, Curve Dao tokens, 1Inch and Sushi have fallen between 15% and 23.9%.

Automated Market Maker’s TVL (AMM) Curve is now $ 20.23 billion, up 1.13% from last week. Makerdao is the DeFi protocol with the second largest TVL at $ 18.56 billion at press time, with third place going to Convex Finance at $ 15.14 billion.

Ethereum dominates 65% TVL DeFi

TVL per Blockchain reveals that Ethereum stood at $ 164.36 billion out of $ 250.55 billion on Sunday (December 5), with Binance Smart Chain (BSC) second at $ 16.61 billion.

BSC is followed by Terra (US $ 13.29 billion), Avalanche (US $ 12.03 billion), Solana (US $ 12.46 billion) and Tron (US $ 5.48 billion). At the time of writing, Ethereum accounts for 65.58% of TVL DeFi, BSC 6.62% and Terra 5.30%.

Token Rebase and AMM collapsed

Statistics from Coingecko show that the total market cap of AMM tokens has dropped 13.6% to $ 17.2 billion. In addition, the metrics show that the rebase token fell 5.1% on Sunday to as low as $ 6.09 billion.

The top AMM asset, Uniswap (UNI), is down 15% in the past seven days. Uniswap is followed by Pancakeswap (16.7%), Curve (27.2), 1 inch (26.3%), Sushi (23.9%) and Bancor Token (10.1%).

Rebase tokens like Klima Dao (KLIMA) are down 50.6%, while Olympus (OHM) are down 17.1%, Wonderland (TIME) down 18.5% and Ampleforth (AMPL) down 17.7%.

Monthly statistics show that cross-chain bridging TVL is down 26.9% and there is now $ 24.40 billion in TVL in Bridge to Ethereum, according to Dune Analytics. At the top are Ronin Bridge with $ 6.9 billion, Avalanche with $ 6.6 billion and Polygon with $ 5.6 billion.

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