Market

TVL DeFi up 12% since mid-December

Money is flowing back to DeFi and some DeFi tokens are bullish. Statistics from Defillama.com shows Total Value Locked (TVL) in DeFi rose 12.14% to $ 253.32 billion, after hitting a low of $ 228.13 billion on May 11 .

TVL DeFi | Source: Defillama.com

253.32 billion US dollars, pooled from several blockchains such as Ethereum, Terra, Binance Smart Chain (BSC), Avalanche, Solana, Fantom, Polygon, Tron, Cronos, Arbitrum, Harmony, Waves, Ronin, Heco, Thorchain, Near, Smartbch, Elrond and Osmose.

Top 10 of the blockchain TVL DeFi | Source: Defillama.com

Ethereum’s TVL for 383 protocols at press time is $ 59.66 billion, followed by Terra with 14 protocols at $ 19 billion, BSC with 263 protocols at $ 16.57 billion.

While Terra and BSC rank second and third in terms of TVL, they only represent 22.09% of the value locked in Ethereum DeFi protocols. Terra saw TVL rise 2.54% last week, but Fantom rose 27.25% to $ 6.02 billion and Osmosis rose 40.43%, breaking the $ 1 billion region.

Curve accounts for 9.55% of TVL in DeFi, Fuse grows 183%

The numbers show that Curve currently has the largest TVL in DeFi, spanning seven different chains at $ 24.44 billion, representing 9.55% of the total of $ 253.32 billion suspended. Curve is followed by Convex ($ 21.27 billion), Makerdao ($ 18.18 billion), Aave ($ 14.49 billion), Lido ($ 12.21 billion), WBTC ($ 12.06 billion), dollars) and Instadapp ($ 10.87 billion).

Top 10 DeFi Logs in Relation to Total Lock Value | Source: Defillama.com

Currently, the TVL in cross-chain bridges to Ethereum is $ 24.46 billion, a change of 4.5% over 30 days. The unique address number in the cross-linked bridged TVL is 85,844 addresses.

Polygon Bridge has the largest TVL at $ 6.6 billion and Ronin has $ 6.1 billion. It is followed by Avalanche ($ 5.8 billion), Arbitrum ($ 2.8 billion), Fantom ($ 1.4 billion), and Optimism ($ 538 million). The top seven smart contract blockchain platforms by market valuation, including Ethereum, Solana, Cardano, Polkadot, Terra, Avalanche, and Polygon, all fell between 3.2% and 12.5% last week.

Meanwhile, the 8th to 10th largest smart contract networks, Chainlink, Algorand, and Near, recorded 5.3%, 3.2% and 12.6%, respectively. This week’s biggest smart contracts winner is Fuse Network (FUSE), which is up 183.6 percent against the US dollar.

Enigma (ENG) and Velas (VLX) were followed by an increase of 48.8% and 35.7%, respectively, within seven days. Velas Network AG has entered into a partnership with the Italian luxury sports car manufacturer Ferrari.

The smart contract platform that saw the biggest drop this week was POA Network (POA), which is down 49.8%, followed by Cypherium (CPH), which is down 37.8%.

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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.