The total value locked (TVL) in decentralized finance (defi) has hit the $50 billion mark after being below this range for most of March. Currently, the value locked in Defi is approximately $50.34 billion, up 1.97% over the past 24 hours.
Defi’s value has increased nearly 2%, swelling to over $50 billion
The value of crypto assets swelled and the crypto economy rose 1.2% to $1.24 trillion, bringing the total value (TVL) locked in at Defi on Wednesday to$50.34 billion. The defi platform Lido Finance, at $10.76 billion, dominates the top defi protocols, up 10.60% in seven days and 24.61% in the past month; Makerdao’s TVL is the only defi protocol among the top five, with a TVL of 1.29%. down; Aave, Curve, and Uniswap are up, with Curve jumping ahead at 13.62%.
Most of Defi’s rise is attributed to the smart contract platform’s market cap, which increased 3.6% from the previous day to $357 billion This is due to the The top five smart contract tokens have gained value over the past week, with the exception of Polygon (MATIC), which is down 3.9% over the past seven days. In terms of TVL by blockchain, Ethereum is at $29.71 billion, dominating the $50.34 billion by more than 59%. Following Ethereum are Tron ($5.35 billion), BSC ($5.1 billion), Arbitrum ($2 billion), and Polygon ($1.07 billion).
As for liquid staking, Ethereum’s top protocol is Lido, Tron is Neopin Staking, BSC is Ankr, Arbitrum’s top liquid staking app is Tenderize, and Polygon’s top staking protocol is Thunderpokt. In Ethereum, there are 7,843,929Today, $14.29B worth of ETHis locked into liquid staking protocols, with Lido leading the pack; behind Lido are Coinbase ($2.15B), Rocketpool ($805.53M), Frax ($224.22M) Stakewise ($158.34M), and Stakehound ($118.85M).As far as TVL is concerned, the top five bridges include WBTC, Justcryptos, Multichain, Poly Network, and Portal.
With the recent Fed rate hike and a 3.4% drop in Bitcoin (BTC), Defi’s TVL has managed to stay just above the$50 billion range: $50.08B.
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