The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. Statisticians also show significant losses in total value locked (TVL), across many defi protocols, over the past seven day.
Defi Protocols Shed Considerable Value
Since April 8, 2022, 17.77% has been removed from defi’s TVL. This is a significant loss in the value of decentralized financial (defi!) protocols. Curve Finance lost 16.55% in TVL this month while Lido saw a 13.28% drop in value in the past 30 days. Curve Finance is currently the biggest defi protocol. Anchor’s TVL is down 10.15%, Makerdao has dipped by 20.48%, and Aave’s TVL has lost 21.12% this past month.
Two protocols saw substantial 30-day TVL gains which include Aave’s version three (v3) and Tron’s Sunswap protocol. Curve Finance is the biggest protocol today by TVL, with a drop of 6.25% in the TVL in Defi. As of Sunday afternoon (ET), Curve’s $17.24 billion TVL currently dominates the aggregate by 9.46%.
Ethereum is still the dominant defi TVL, with 55.59% of $182.27 Billion TVL held by Ethereum. The ETH chain holds $101.32Billion. Terra is the second largest, in terms of defi TVL, as Terra’s $23.44 billion represents 12.86% of the defi TVL aggregate. Binance Smart Chain, (BSC), is the third largest blockchain in defi. It holds 6.37% of total. This is approximately $11.6 billion.
According to market capitalization, $546 billion is the total value of smart contract platforms today with tokens. The top smart contract tokens lost 6.1% collectively over the last 24 hours. The TRX has risen 5.3% in the last 24 hours, but tron (TRX), still managed to rise 5.3%.
The coin’s 19.4% loss today was the result of counterparty (XCP) being one of the largest losers in smart contract tokens. Terra (LUNA), which also lost a large percentage, had lost double digits in the past 24 hours. LUNA’s USD value fell 11.1% today. Cross-chain bridge TVLs have also fallen 21.1% over the past 30 days according to statistics. There’s currently $16.78 billion TVL across a myriad of blockchain bridges.
Avalanche (Polygon), and Arbitrum are today’s top cross-chain Bridge TVLs. Today, the top three most leveraged crypto assets on cross-chain bridges are USDC (wrapped ethereum) and USDT (tether). While the entire crypto economy has lost 5.1% in value over the last 24 hours down to $1.65 trillion, it’s likely the value locked in defi will follow.
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