Worth Locked in Defi Sheds $55 Billion in 2 Months, Ethereum’s Defi Dominance Loses 14% – Defi Bitcoin Information


The crypto-economy has been sliding in worth over the last 48 hours as the present market valuation for all 13,000+ crypto belongings is $1.83 trillion. Moreover, the entire worth locked (TVL) in decentralized finance (defi) protocols has slipped under the $200 billion mark to $196.02 billion on Sunday morning (EST). In the meantime, Ethereum’s dominance is 55.54% of the present mixture TVL held in defi in the present day with $108.88 billion.

Worth Locked in Defi Protocols Sink, Ethereum Loses Decentralized Finance Dominance

The worth in defi protocols has slipped from the $251 billion mark on the finish of December 2021, to in the present day’s present $196.02 billion. That’s a drop of round 21.91% in USD worth over the last two months.

On Sunday, March 6, 2022, the present TVL held in defi has elevated 0.11% over the last 24 hours with Curve Finance dominating the protocol pack. Curve’s $17.88 billion TVL represents 9.12% of the TVL held in defi, because it elevated 0.64% over the last week. Curve is adopted by Makerdao ($15.15B), Lido ($12.79B), and Convex Finance ($12.58B).

Value Locked in Defi Sheds $55 Billion in 2 Months, Ethereum's Defi Dominance Loses 14%
Worth locked in decentralized finance (defi) on Sunday, March 6, 2022.

Ethereum nonetheless dominates the TVL in defi this weekend, however solely by 55.59%, in line with defillama.com chain stats. On October 5, 2021, ETH defi dominance was 69% and over the past 5 months, it shed 14% dominance. At the moment, Terra holds the second-largest defi TVL with $22.67 billion locked, and greater than half locked into the Anchor protocol.

Terra is adopted by BSC ($11.71B), Avalanche ($10.74B), and Fantom ($7.69B) by way of TVL held in defi protocols on Sunday. Solana’s defi TVL this weekend is $6.83 billion down greater than 5% over the last seven days.

At press time, there are 381 decentralized trade (dex) platforms holding a mixed TVL of round $64.65 billion. Coingecko.com information exhibits Uniswap v3 is the highest dex this weekend with $856.6 million in 24-hour quantity.

Uniswap v3 is adopted by Pancakeswap ($317M), Spookyswap ($270M), Curve ($155M), and Astroport ($155) by way of day by day dex volumes. The high three main sensible contract platform tokens by way of seven-day beneficial properties embody waves (WAVES) up 51% this week, lisk (LSK) up 28.9% and wanchain (WAN) jumped 23.6%.

On March 6, there’s presently $23.37 billion whole worth locked in cross-chain bridges to Ethereum, in line with Dune Analytics’ metrics. Main cross-chain bridge TVLs embody blockchains like Avalanche, Polygon, Fantom, Ronin, and Arbitrum respectively.

Presently there are 25 decentralized finance (defi) oracles and Chainlink dominates the pack. Chainlink secures $52.23 billion in worth throughout 141 protocols, because it has an oracle dominance of round 54.83% on Sunday morning.

Tags on this story
Aave, Arbitrum, Avalanche, Balancer, Binance Good Chain, blockchains, Bridges, BSC, Chains, Curve, decentralized trade, decentralized finance, DeFi, Defi Blockchains, Defi Complete Worth Locked, Defi TVL, defillama.com, DEX, Dex Platforms, ETH, Ethereum, LUNA, Pancakeswap, Protocols, Solana, Sushiswap, Terra, whole worth locked, TVL, uniswap

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Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized purposes. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information concerning the disruptive protocols rising in the present day.

Picture Credit: Shutterstock, Pixabay, Wiki Commons, defillama.com,

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