The state of decentralized finance (defi) in terms of total value locked (TVL) has been tumultuous to say the least and currently defi’s TVL today is about $54.95 billion. It has been more than five months since March 29, and the most dominant defi protocol currently is Makerdao, leading by 13.27%
The value locked in on Defi is below $55 billion
- At the time of this writing, the top smart contract platform coins by market cap are up roughly 0.6% against the USD, valuing the smart contract token economy at$296 billion.
- Smart contract tokens have improved over the past 24 hours, but the defi status is at its lowest since March 29, 2022.
- The total value locked to defi today is about$54.95 billionand the value locked to ethereum is about $31.61 billion, just overThis is 57% of the totalvalue locked today.
- Following Ethereum is $5.41 billion from Tron and $5.38 billion held by the Defi protocol of the Binance Smart Chain (BSC).
- While ethereum Defi has dominated over the past 30 days, TVL has dropped 14.09% and Tron lost 9.72% last month
- BSC shed 2.54% in 30 days, while layer 2 (L2) defi protocol Arbitrum managed to rise 1.52% last month.
- Of the $54.95 billion locked today, Makerdao is the dominant protocol with 13.27% or $7.29 billion locked.
- Makerdao has lost 6.46% over the past 30 days, while the second largest defi protocol Lido Finance has lost 10.38%; Lido has locked $5.97 billion on Saturday, September 24, 2022.
- Makerdao and Lido were followed by Curve, Aave, Uniswap, Convex Finance, Just Lend, Pancakeswap, and Compound Finance, respectively.
- Most of the top smart contract tokens by market cap had a lackluster week, but several smart contract coins saw double-digit gains.
- In seven days, Nebrio (NEBL) is up 35.2%, Algoland (ALGO) is up 27.5%, and Counterparty (XCP) is up 21.2% in the past week.
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