On December 12, 2022, the total value will be Locked (TVL) Decentralized Finance (defi) is in a range after falling 25.5% from $55.94 billion on Nov. 5 to $41.67 billion today. Moreover, over the last 12 months, defi’s TVL has decreased by 82.56% from about $239 billion in December 2021 to today’s total.
The struggle between the smart contract token economy and the Defi sector following last month’s FTX debacle
It was hit hard by failure (TVL). in defi dropped 25.5% of value in 37 days. At the time of writing, defi today has an estimated TVL of $41.67 billion, with TVL down 1.63% over the last 24 hours.
defi protocol Makerdao currently commands the largest of his TVL, with a value of $6.26 billion locked against his TVL standings for the rest of his defi protocol He boasts a dominance rate of 15.02%. Defillama.com metric shows that Makerdao’s TVL shrank his 8.41% last month.
Following Makerrdao, the top defi protocols in terms of TVL size included Lido, Aave, Curve, Uniswap, Convex Finance, Justlend, Pancakeswap, Compound Finance, and Instadapp respectively. increase. Among the top 10 overall, Aave recorded the biggest monthly loss after losing 15.18% of his value in 30 days.
Meanwhile, Convex Finance’s TVL index increased by 43.87% last month. Ethereum holds the largest value locked out of all blockchains today at $23.98 billion, representing 57.55% of the total defi locked out.
Binance Smart Chain (BSC) has his second largest TVL on Dec 12 with an estimated $4.99 billion or 12.04% of the total. In terms of TVL size, Ethereum and his BSC are followed by blockchain networks Tron, Arbitrum, Polygon, Avalanche, Optimism, Phantom, Kronos and Solana respectively.
Over the past 62 days or since October 11, 2022, the token economy of smart contract platforms fell 7.77% against the US dollar from $283 billion to $261 billion today Did. At the time of writing, Ethereum (ETH), the largest smart contract crypto asset, has fallen 1.6% against the US dollar over the past 24 hours.
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