For the primary time since March 16, 2022, the worth locked in defi has fallen beneath $200 billion.
While the cryptocurrency market misplaced billions this week, the entire worth locked (TVL) in decentralized finance protocols fell beneath $200 billion, to $196.6 billion. The TVL in defi has declined 3.16 p.c within the final day and stands round $196.6 billion on the time of writing, down 3.16 p.c within the final 24 hours.
Bloodbath for Defi protocols
Except for Anchor, all ten of the main defi tokens have proven vital 30-day TVL share decreases. Since the earlier month, Curve Finance has misplaced 11.74 p.c, Lido has misplaced 13.73 p.c, Makerdao has misplaced 16.81 p.c, and Convex Finance has misplaced 10.59 p.c.
The Aave Protocol has misplaced probably the most within the final 30 days, dropping 21.98 p.c since final month. Curve Finance is probably the most used defi protocol, with a market share of 9.56 p.c and a TVL of roughly $18.8 billion.
The TVL, which is constructed on Ethereum-based defi protocols, continues to dominate the roost as we speak, with a 55.55 p.c market share value $109.21 billion. With 14.36 p.c of the $196.6 billion in defi TVL, Terra blockchain is the second largest. Terra’s TVL is presently $28.23 billion, with $16.48 billion in Anchor.
Blockchains comparable to BSC ($12.04 billion), Avalanche ($9.38 billion), and Solana ($6.09 billion) are behind Ethereum and Terra when it comes to defi TVL measurement.
Curve, Lido, Anchor, Makerdao, and Convex Finance are the highest 5 defi protocols when it comes to defi TVL measurement. Last month, Terra’s Anchor Protocol skilled a 4.15 p.c improve in 30-day TVL.
Despite the unique shedding 21.98 p.c, Aave model three (v3) has seen a substantial acquire within the final 30 days. Today, Aave v3 has a TVL of roughly $1.38 billion, up 2,711% from final month.
According to statistics, there can be 428 decentralized trade (dex) platforms with a mixed TVL of $61.44 billion by Saturday, May 1, 2022. There are additionally 142 defi lending protocols with a complete worth of $48.87 billion.
The quantity of dex trades additionally decreased in April, in keeping with the info. Dex quantity was round $117 billion in March, whereas figures recommend that it was simply round $92.18 billion in April.