While the crypto economy shed billions this week, the total
value locked (TVL) in decentralized finance protocols slipped under the
$200 billion range to $196.6 billion. The TVL in defi lost roughly 3.16%
during the last day, and the $592 billion in smart contract protocol
tokens dropped in value by 3.5% over the last 24 hours.
Defi TVL Slips Below $200 Billion, Numerous Protocols Shed Billions, Dex Trade Volume Dives
The value locked in defi has slipped under the $200 billion mark for
the first time since March 16, 2022. At the time of writing the total
value locked (TVL) is roughly $196.6 billion, down 3.16% during the last 24 hours.
All ten of the top defi protocols, except for Anchor, have seen
significant 30-day TVL percentage declines. Curve Finance is down
11.74%, Lido has lost 13.73%, Makerdao shed 16.81%, and Convex Finance
has lost 10.59% since last month.
The biggest loser during the last 30 days is the Aave Protocol which
lost 21.98% since last month. Curve Finance is the leading defi protocol
as it dominates by 9.56% with today’s TVL of around $18.8 billion.
recorded on May 1, 2022, indicates the current total value locked in
defi protocols is $196.6 billion, according to defillama.com statistics.
The TVL held on Ethereum-based defi protocols still rules the roost today with 55.55% dominance
or $109.21 billion today. Terra blockchain is the second largest in
terms of defi TVL with 14.36% of the $196.6 billion. Terra’s TVL today
equates to $28.23 billion and $16.48 billion resides in Anchor.
Behind Ethereum and Terra, in terms of defi TVL size, includes
blockchains such as BSC ($12.04B), Avalanche ($9.38B), and Solana
($6.09B).
The top five defi protocols, in terms of defi TVL size, includes
Curve, Lido, Anchor, Makerdao, and Convex Finance. Terra’s Anchor
Protocol saw a 30 day TVL increase of around 4.15% last month.
Aave version three (v3) saw a significant increase during the last 30
days despite the original shedding 21.98%. Aave v3 has a TVL today of
around $1.38 billion, up 2,711% since last month.
Statistics
show that on Saturday, May 1, 2022, there’s 428 decentralized exchange
(dex) platforms with a combined TVL of around $61.44 billion. There’s
also 142 defi lending protocols with $48.87 billion total value locked.
Data further shows that dex trade volume dropped
during the month of April. In March dex volume was around $117 billion
and statistics show that April’s dex trade volume was only around $92.18
billion.
source link : https://news.bitcoin.com/value-locked-in-defi-drops-below-200-billion-aprils-dex-trade-volume-drops-21-lower-than-march/
