Value Locked in Defi Slips 10% in 4 Days, Ethereum TVL Dominates at 58%

Value Locked in Defi Slips 10% in 4 Days, Ethereum TVL Dominates at 58%

Four days ago, the total value locked (TVL) in decentralized finance (defi) was coasting along at $255.84 billion and since then, the TVL has dropped ​​8.55% in value. During the last 24 hours, the TVL has slid 2.80%, and Curve’s $23 billion locked today represents 9.84% dominance. Value Locked in Defi Takes a Hit, TVL Down 2.8% in 24 Hours Since digital currency markets have been dropping in value during the last few days, the value locked in decentralized finance has slipped as well. In four days, the TVL in defi dropped 8.55% from $255.84 billion to today’s $233.95 billion. Curve Finance holds the largest TVL today and is dominant by more than 9.84% with $23 billion locked. This is followed by Convex Finance, Makerdao, Aave, WBTC, and Instadapp, respectively. Total value locked in defi on January 8, 2022. The biggest seven-day drop in terms of a defi protocol’s TVL in the top ten protocols is Lido, which lost 14.03% this week. The decentralized exchange (dex) Uniswap lost 9.44% this week and WBTC shed 7.63% due to bitcoin’s (BTC) downward price drop. Ethereum still holds the most TVL in defi as far as blockchains are concerned with $147.9 billion on Saturday. Ethereum’s TVL represents 58.18% of the aggregate TVL in defi today. Ethereum is followed by Terra ($16.61B), Binance Smart Chain ($15.33B), Avalanche ($10.93B), Solana ($10.03B), and Fantom ($5.67B) respectively. 30-day statistics for cross-chain bridges today show the TVL has slipped 10.4%. The top cross-chain bridge with the most TVL on Saturday is Polygon’s TVL with $6.1 billion. This is followed by Avalanche ($5.4B), Ronin ($4.9B), and Arbitrum ($2.8B). The top six performing smart contract crypto assets during the last seven days include fuse (FUSE), cypherium (CPH), noah decentralized state coin (NOAHP), harmony (ONE), internet computer (ICP), and chainlink (LINK), respectively. The six worst-performing smart contract crypto assets this week include poa network (POA), gather (GTH), dusk network (DUSK), kadena (KDA), enigma (ENG), and oneledger (OLT). Tags in this story Aave, Arbitrum, Avalanche, Binance Smart Chain, BSC, Cardano, Convex, Cross-chain Bridges, Curve, decentralized finance, DeFi, Defi protocols, Elrond, ETH, ether, Ethereum, Fantom, fuse (FUSE), Harmony, Heco, Instadapp, Lido, makerdao, NEAR, Optimism, osmosis, Polkadot, Polygon, ronin, Smartbch, Solana, Terra, Thorchain, total value locked, TVL, WAVES, WBTC

What do you think about the recent defi action this past week? Let us know what you think about this subject in the comments section below. Jamie Redman

Jamie Redman is the News Lead at Bitcoin.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 Bitcoin.com News about the disruptive protocols emerging today. Defi Lending Startup Aave Launches Permissioned Platform to Entice Financial Institutions DEFI | 3 days ago Defi TVL Jumps 12% Since Mid-December, Close to $25B in Bridges, Convex Gains on Curve"s Dominance DEFI | 4 days ago

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