Follow statistical, the total market cap of DeFi tokens is currently $ 134.7 billion, which is 5.9% of the total crypto economy of $ 2.28 trillion.

The largest DeFi token in terms of capitalization is Terra (LUNA) at $ 24.3 billion, which is 18% of the total industry. The two best performing assets last week were Yearn Finance (YFI) and Convex Finance (CVX), which grew 63.3% and 30.2.3% respectively. Bonfida (FIDA) and Tokemak (TOKE) are the DeFi tokens that have seen the largest weekly declines of -25.2% and -21.2% respectively.

The currently largest decentralized exchange (DEX) by volume is Uniswap v3 with $ 2 billion in the last 24 hours. Uniswap (v3) is followed by Pancakeswap, Trader Joe, Biswap, Sushiswap, Uniswap (v2), Raydium2 and Curve Finance.

In the past 24 hours, there was a trading volume of $ 6.2 billion in DEXs and 158,035,713 monthly visits. According to Defillama.com, the Total Locked Value (TVL) across blockchains is $ 232 billion, down 15.63% from the all-time high (ATH) of $ 275 billion on Jan. 12 with a curve dominance of 9.23 % is equivalent to. Curve’s TVL is currently $ 21.28 billion and supports seven different blockchains.

Ethereum Still Dominates DeFi, Cross-Chain TVL Demand Down 3.4%

Among all DeFi blockchains, Ethereum’s TVL is currently at $ 159.64 billion, or 65.44%. Binance Smart Chain (BSC) is the second largest blockchain with 16.53 billion US dollars and a share of 6.77%. Blockchains that follow BSC include Terra, Solana, Avalanche, Tron, Polygon, and Fantom. Out of all blockchains are Fantom (3.52%) and BSC (1.75%).

In terms of total transactions for blockchain networks, Solana holds 45 billion. This is followed by Tron (2.68 billion), BSC (2.09 billion), Ethereum (1.39 billion), Polygon (1.19 billion), HECO (534 million) and Algorand (464 million). In terms of the number of validators on popular blockchains, Ethereum has 270,322 validators while Elrond has 3,222.

Number of transactions in networks | Source: Coin98 Analytics

After all, when it comes to cross-chain bridges, they currently have a TVL of $ 22.73 billion. The index is down 3.4% in the past 30 days and Ronin Bridge is at the top at $ 6.4 billion. Followed by Avalanche ($ 5.88 billion), Polygon ($ 5.83 billion), Arbitrum ($ 2.3 billion), Fantom ($ 1.3 billion), and Optimism (433 million U.S. dollar).

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