Relatively Unknown Protocols Push TVL in Defi Above the $200 Billion Range – Defi New Business Herald

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On Feb­ru­ary 15, the total val­ue locked (TVL) in decen­tral­ized finance (defi) plat­forms is just above the $200 bil­lion range, after a brief slump below that region last week. Out of the entire TVL in defi today, Ethereum com­mands 59.22% of that val­ue with 532 defi pro­to­cols. Met­rics dur­ing the last sev­en days show a num­ber of rel­a­tive­ly unknown defi pro­to­cols have attract­ed sig­nif­i­cant TVL per­cent­age gains. 

Defi TVL Climbs Over 3%, $4.5 Billion in 24-Hour Dex Trade Volume

The total val­ue locked (TVL) in defi today is up around 3.3% dur­ing the last 24 hours with $208.45 bil­lion. The defi pro­to­col with the largest TVL is Curve Finance which dom­i­nates by 9.48% with $19.75 billion.

Curve’s TVL is up 1.22% this week across eight dif­fer­ent blockchain net­works. Curve’s TVL is fol­lowed by Mak­er­dao, Aave, Con­vex Finance, WBTC, and Lido respectively.

While Ethereum has 59.21% of the TVL in defi today with $123.45 bil­lion, the sec­ond-largest blockchain TVL in defi is held by Ter­ra. The blockchain net­work Ter­ra has $15.05 bil­lion locked and the defi pro­to­col Anchor com­mands 55.81% of that value.

All chain TVL on Feb­ru­ary 15, 2022, accord­ing to defillama.com stats.

Ter­ra is fol­lowed by Binance Smart Chain (BSC) with $13.36 bil­lion, Avalanche with $10.8 bil­lion, Fan­tom with $8.46 bil­lion, and Solana with $8.07 bil­lion total val­ue locked.

On Feb­ru­ary 15, there are 362 decen­tral­ized exchange (dex) plat­forms with a com­bined $70.24 bil­lion TVL that allow peo­ple to swap tokens in a decen­tral­ized fashion.

Today, there’s $4.5 bil­lion in dex trade vol­ume across the globe and over the last 30 days, dex plat­forms have seen 168,095,541 vis­its. The top dex today is Uniswap v3 fol­lowed by Pan­cakeswap, Serum, Uniswap v2, Spookyswap, and Trad­er Joe.

There are 110 defi lend­ing appli­ca­tions with $45.62 bil­lion in val­ue locked, and 11 cross-chain bridges with $24.34 bil­lion. There are 45 stak­ing apps with $12.88 bil­lion, and 295 pro­to­cols that pro­vide a yield and com­mand a TVL of around $24.02 billion.

A Number of Relatively Unknown Defi Protocols See Large TVL Percentage Gains

The top ten smart con­tract plat­forms in terms of mar­ket cap are all in the green today. Avalanche is the biggest gain­er, jump­ing 14% dur­ing the last 24 hours, while the rest have seen per­cent­age gains between 5.8% and 11.5%.

Rel­a­tive­ly unknown defi plat­forms have seen sig­nif­i­cant per­cent­age gains dur­ing the last sev­en days as well. Hakuswap’s TVL, for instance, has increased 11,497% this week. Wigoswap’s TVL jumped 10,163%, and Acu­men saw its TVL increase by 5,174%.

These three defi pro­to­cols were fol­lowed by Cougar­swap (2,290%), Dopex (1,990%), Polkex (551%), and Dehive (471%).

Tags in this story
acu­men, ada, Anchor, Avalanche, AVAX, binance coin, Binance Smart Chain, Bridges, Cougar­swap, Cross-chain Bridges, decen­tral­ized finance, DeFi, Defi pro­to­cols, Defi Total Val­ue Locked, Dehive, Dopex, DOT, ETH, Ethereum, Ethereum (ETH), Hakuswap, LUNA, Polka­dot, Polkex, Smart Con­tract Plat­forms, Smart Con­tract Tokens, Ter­ra, total val­ue locked, TVL, USDC, Wigoswap, Wrapped ethereum (WETH)

What do you think about this week’s action in the world of decen­tral­ized finance (defi)? Let us know what you think about this sub­ject in the com­ments sec­tion below.

Jamie Redman 

Jamie Red­man is the News Lead at Newbusinessherald.com News and a finan­cial tech jour­nal­ist liv­ing in Flori­da. Red­man has been an active mem­ber of the cryp­tocur­ren­cy com­mu­ni­ty since 2011. He has a pas­sion for Bit­coin, open-source code, and decen­tral­ized appli­ca­tions. Since Sep­tem­ber 2015, Red­man has writ­ten more than 5,000 arti­cles for Newbusinessherald.com News about the dis­rup­tive pro­to­cols emerg­ing today.




Image Cred­its: Shut­ter­stock, Pix­abay, Wiki Com­mons, defillama.com,

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