Sunday, April 3rd saw $231 billion in total decentralized finance (defi), which has now surpassed the TVL. The TVL is nearing the all-time high (ATH) of $256 billion recorded on December 2, 2021, as it’s only 10.82% under the TVL’s ATH. Curve Finance is still the leader in TVL. However, Anchor and Lido, which are defi apps, have made significant progress and currently hold the second- and third most important positions.
Value locked in Defi rises, Lido and anchor TVLs move up the ladder
Curve Finance leads by 9.20% and has a $21.3 billion TVL. Curve is a defi application that supports nine different blockchain networks and over the last month, Curve’s TVL has increased by 19.14%.
For quite some time during the last year, Makerdao was the second-largest defi protocol in terms of TVL but today, that’s not the case anymore. With $20.43 billion in defi TVL, Lido was the number two defi protocol with $20.43 trillion as of April 3.
In fact, the pace of Lido’s TVL growth increase indicates it could surpass Curve Finance in the near future. Over the last month, Lido’s TVL, which supports four different blockchains, increased by 59.78%.
Anchor is the third largest defi loan application, supporting two blockchain networks (Terra & Avalanche). Anchor currently holds $15.83 trillion in defi TVL. Anchor has also seen a significant jump during the last 30 days, as Anchor’s TVL has spiked 37.45% since then.
Defillama.com data shows that Makerdao now holds the fourth largest TVL in defi, at $15.77 trillion in value. Makerdao’s protocol has experienced a 4.09% TVL rise in the last month.
Ethereum dominates with 54%. Cross-Chain Bridges have $21 Billion. Weekly NFT Sales spike 29% above last week
Blockchains aside, Ethereum is still the dominant TVL in Defi. It has 54.31% of the $125.7 billion total locked. Terra currently commands $30.45 billion or 13.15% of the $231 billion aggregate, according to today’s defillama.com data. Binance Smart Chain, (BSC), captures 5.7% of the TVL at defi with $13.36 Billion in value.
Avalanche holds the fourth largest TVL in Definitive TVL. It has $10.52 Billion locked, or 4.54%. Solana is fifth with $8.22Billion, or 3.55%.
Dune Analytics statistics show that $21.84 million is currently locked up in cross-chain bridges with Ethereum. That’s an increase of 6.5% during the last 30 days among 45,893 unique addresses. Avalanche and Arbitrum are the top networks that have the highest TVLs in cross-chain bridges with Ethereum. Ronin, Fantom, Ronin, Ronin and Polygon are also among them.
In terms of seven-day NFT sales metrics, cryptoslam.io shows there’s been a 29.87% increase this week with $728 million in NFT sales across 14 different blockchains.
What do you think about the week’s defi action and the TVL in defi nearing the all-time high? Comment below and let us know how you feel about the subject.
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