In the past 7 days, the crypto asset market has experienced a lot of volatility, and today, the total value locked (TVL) of DeFi has fallen below $50 billion.
As of now, Lido is the dominant deal in this regard, with $11.64 billion or 23.85% of TVL. Despite an 8.25% drop for the week, the 30-day stats show Lido’s TVL increased by 9.92%.
Of the 20 Defi protocols added to TVL this week, only 2 are Juststables and Venus. Meanwhile, on the downside, Aura recorded its largest TVL loss of 18.29% over the past seven days, with Aave losing 14.09%. Of the $48.78 billion locked in DeFi, over 58% of the value is on Ethereum, with $28.68 billion spread across 752 ETH-based DeFi protocols. Ethereum is followed by Tron ($5.29 billion), Binance Smart Chain ($4.67 billion), Arbitrum ($2.18 billion) and Polygon ($1.05 billion).
While the total value of DeFi fell over the weekend, the smart contract token economy grew 2% over the past 24 hours to $369 billion. However, 9 of the top 10 smart contract tokens recorded losses on the weekly frame. Tron, on the other hand, gained 1.1% over the past week.
Defi protocols that have seen significant growth over the past 7 days include Shade Protocol, Toreus, Spoon Exchange, Flux Protocol, and Dove Swap. Biggest losers this week include Atlas Aggregator, Multialt, Sohei, Arbiten and Bodh Finance.
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according to news bitcoin