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TVL Fantom up 26%, Ethereum dominates NFT sales

TVL Fantom up 26%, Ethereum dominates NFT sales.

Today’s leading smart contract platform tokens have reignited investor hope. The top 3 tokens Ethereum (ETH), Binance Coin (BNB) and Solana (SOL) have seen gains of 7.5%, 14.7% and 4% respectively over the past week.

Top 10 Smart Contract Platforms in terms of Market Rating | Source: Coinecko

Among the top 10 altcoins for smart contract platforms, the biggest gainers of the week were Near (NEAR) up 40.4%, followed by Terra (LUNA) up 29.4%, Polygon (MATIC ) up 18.3% and Polkadot (DOT) up 17.4%.

Total value in DeFi is up more than 2.34%, from $233.95 billion on Jan. 8 to $239.43 billion today. The Ethereum blockchain was $146.07 billion, which is 62.63%.

TVL in DeFi | Source: Defillama

The second-biggest TVL is owned by Terra at $19.11 billion, up 22.03% for the week but only up 8.12%. Followed by Binance Smart Chain (BSC) at $15.21 billion.

Meanwhile, Fantoms has outperformed TVL Terra this week, up 21.33% to $7.4 billion at press time. Osmosis (OSMO) is up 21% on the week to hit $1.34 billion TVL on its DeFi protocols.

Some of the DeFi chains where TVL has increased this week, excluding Ethereum, BSC, and HECO, are Terra, Avalanche, Solana, Fantom, Polygon, Tron, Arbitrum, Cronos, Osmosis, Klaytn, Waves, and Harmony.

Ethereum dominates NFT sales

Ethereum remains the dominant chain in terms of NFT sales across a variety of blockchain networks, followed by networks like Solana, Ronin, Flow, and Wax.

Ethereum’s NFT sales are up 51.29% over the past 24 hours, while Tezos’s are up 33.16%. Additionally, Lookrare’s NFT market is still seeing more daily volume than Opensea’s volume.

Last day, Lookrare’s volume was $504.37 million, while Opensea’s volume was $166.09 million. TVL in cross-chain bridges is currently $25.03 billion, up 4.6% over the past 30 days.

The top 5 TVLs in cross-chain bridges include Polygon ($6.3 billion), Avalanche ($5.5 billion), Ronin ($4.9 billion), Arbitrum ($3 $.2 billion) and Fantom ($1.9 billion).

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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.