Total value locked (TVL) in decentralized finance (Defi) for the first week of April was about $50 billion, about the same as on March 1. On March 12 it fell to $42 billion, but then Lido Finance, Aave, Justlend, and other protocols have seen double-digit monthly gains, so the value locked has recovered.
After a sharp drop on March 12, the value locked in decentralized finance recovered to $50 billion
statistics{/19} show that the value locked in defi on April 2, 2023 was $50.22 billion, up 0.91% in the past 24 hours. The protocol Lido Finance has a TVL of about $10.94 billion as of Sunday; Lido controls a TVL of $50 billion at 21.77%, and the value locked to this protocol saw a 19.75% rise in March.
Makerdao’s TVL rose 9.66% last month, which is below Lido’s $7.7 billion; Aave’s TVL is up 16.94% to date at $5.55 billion; following Lido, Makerdao, and Aave in TVL size are the protocols Curve , Uniswap, Convex Finance, JustLend, PancakeSwap, Coinbase Staked Ethereum, and Instadapp.
Lido surged more than 19% last month, while Coinbase Staked Ethereum rose 22.29%, also an Ethereum (ETH) liquid staking protocol Rocketpool saw its TVL rise 18.47%. Other notable gains in the defi protocol TVL were Liquity, up 27.12% over the past 30 days, and Bwatch, up 25.78%.
Of today’s $50 billion TVL, 58.6% of its locked value is housed on Ethereum; 10.69% is held on Tron, 10.15% on Binance Smart Chain (BSC), and 4.4% on Arbitrum. Ethereum’s TVL is $29.39 billion and Tron’s TVL is currently $5.36 billion.
While the TVLs of Ethereum and BSC shrank in March, Tron rose 2.8% and Arbitrum’s TVL swelled 13.93%.Notable gainers in March included Mixin (+16.32%), Defichain (+14.84%), Kava (+18.52%) Those.
Optimism’s TVL fell 9.68% in March, while Fantom dropped 8.87%; Polygon and Avalanche also saw their TVLs decline over the past 30 days; Ethereum has the most defi protocols with 720, while Tron has just 17 BSC has a total of 568 recorded and Polygon has 399 defi protocols.
According to Defillama statistics, ethereum-based decentralized exchanges (dex) have seen $4.54 trillion in cumulative volume; BSC has recorded $1.46 trillion and Avalanche $215.2 billion to date. Dex volume by chain is at about the same level as in May 2022.
What do you see in the future for value locked into decentralized finance? Will it continue to grow or could it fall again in the near future? Share your thoughts in the comments below.
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