Defi’s value has rebounded beyond $200 billion, and ETH has a 54% share of Defi TVL

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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.

Also Read : The Val­ue Of SHIB Hold­ers And Shi­ba Inus Have Dropped By 17%

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