Defi’s value has rebounded beyond $200 billion, and ETH has a 54% share of Defi TVL
As the crypto economy approaches $2 trillion, the total value locked (TVL) in decentralized finance (defi) has rebounded beyond the $200 billion thresholds after dipping below that level for most of the year. While the TVL in defi fell 0.51 percent in the previous 24 hours, figures reveal that the TVL is now hovering around $210.29 billion, with Curve Finance ruling by 8.75 percent.
Weekly NFT Sales Increase by 32%, Defi TVL Rebounds, Ethereum Classic Spikes
The value of decentralized finance has grown past $200 billion once again, with a current value of $210.29 billion as of March 20, 2022.
The TVL in defi hit a low of $185.20 billion at the end of January and has since risen 13.54 percent to its current value.
Curve Finance, a defi protocol that runs on eight distinct blockchains, has a market cap of $18.41 billion, which is 8.75 percent of the hundreds of defi protocol TVLs.
The Makerdao protocol, with $16.2 billion in additional worth sealed on March 20, is the second-largest defi procedure in terms of TVL.
Following Curve and Makerdao are Lido, Anchor, and Aave, in that order.
Terra’s Anchor protocol now has the most lending defi protocol by TVL, with $14.08 billion, followed by Aave’s lending protocol, which has $12.83 billion.
In terms of TVL supremacy across the many blockchains that enable defi protocols, Ethereum has 54.92 percent or 115.27 billion total value locked out of the $210.29 billion. On March 20, Ethereum has 570 distinct decentralized financial protocols with varied TVLs.
Terra is the second-largest defi chain in terms of TVL, accounting for $26.66 billion, or 12.7 percent of total TVL in defi today.
Terra is followed by Binance Smart Chain ($12.03 billion), Avalanche ($11.13 billion), Solana ($7.01 billion), and Fantom ($6.62 billion), in that order.
On March 20, the top smart contract platform currencies by market capitalization were worth $642 billion. By market cap, the top five smart contract platform coins are Ethereum, Binance smart chain, terra, Solana, and Cardano.
Ethereum classic, moonriver, qtum, boba network, and neo are the top five 24 hour smart contract platform coin gainers. In the previous 24 hours, Ethereum classic has gained 21.9 percent.
Edenchain, Ethereum classic, Kylin network, collect, and Casper network are the top five seven-day smart contract platform coin gainers, accordingly.
Edenchain (EDN) has increased by 39.2 percent in the previous week.
In terms of market domination, bitcoin (BTC) has a 40.4 percent lead over the smart contract platform coin Ethereum (ETH) in the $1.9 trillion crypto economy, while ETH has a 17.7 percent lead.
Ethereum’s market valuation is just 43.8 percent higher than Bitcoin’s, and ETH’s 24-hour block reward revenue is higher than BTC’s at the time of writing.
On Sunday, the total value secured on cross-chain bridges was $22.78 billion, with 49,845 distinct addresses utilizing cross-chain bridge technology in defi.
Over the previous seven days, non-fungible token (NFT) sales totaled $529,519,374 on 15 distinct blockchains.
The $529 million is a 32.10 percent increase over the previous week’s NFT sales volume.
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