71 % of the total blocked value evaporate in 12 months - Defi

71 % of the total blocked value evaporate in 12 months - Defi

The decentralized financing (Defi) is still deeply rooted in the cryptocurrency economy, since the ecosystem offers users a custody -free way to exchange digital assets, to give cryptocurrencies, to issue stable coins and to benefit from arbitrage. A lot has changed in Defi's credit sector in the past 12 months, since loan applications such as the Anchor protocol from Terra bite the dust and 71.95 % of the total value included in Defi credit protocols.

of $ 37 billion to $ 10 billion: the top 5 of the defi creditors then and now

Last year at this time decentralized financial credit protocols held a total value of $ 37.41 billion (TVL), and the Defi protocol AAVE dominated $ 12.87 billion. An archive.org Schnappe shot from 10th January 2022, shows that the TVL from AAVE is up to 12,87 Billions were larger than the TVL of the five most important Defi credit protocols from January 17, 2023.

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The five most important credit logs according to total value that were blocked on January 10, 2022

Data Billions of US dollars), just ($ 3.02 billion), compound ($ 1.85 billion), Venus ($ 813.63 million) and Morpho ($ 221.59 million). At the moment, all five of the defi protocols mentioned above have a combined TVL of around $ 10.49 billion.

The five most important credit protocols according to total value, blocked on January 17, 2023.

On January 10, 2022, the Terra Anchor Protocol had a value of around $ 8.5 billion, but now the Defi protocol is in ash. Anker was one of the In the territory Ö> Terrausd (VAT) owner deposited VAT for a percentage annual return of 20 %, which interests each other every day.

But in May 2022, VAT loosened from his $ 1 parity, and Anchor only lasts around $ 2 million. At that time, Compound held the third largest TVL with regard to Defi-Lending protocols with $ 8.09 billion. On January 17, 2023, the Compound TVL has shrunk to $ 1.85 billion.

The second largest Defi-Lending protocol today is just $ 3.03 billion. The seventh-largest Defi-Lending protocol tvl, which is located in tron, rose to the second largest by jumping from $ 1.72 billion to $ 3 billion. Justlend is one of the few applications for decentralized financial loans that have recorded an increase in the past 12 months.

The fourth and fifth largest deforia of last year, Abracadabra and Cream Finance, are no longer among the top five and were replaced by Venus and Morpho. Cream Finance is now in 20th place and has fallen from $ 2.14 billion to currently $ 42.94 million.

What do you think about the shock of the Defi-Lending protocol in the past 12 months? Share your thoughts on this topic in the comment area below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com news about the disruptive protocols that arise today.


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