Total Value Locked via Defi Nears $200 Billion, Non-Ethereum Projects Gather Steam – Defi Bitcoin News

At the time of writing, the Total Value Locked (TVL) in decentralized finance (defi) is around $176 billion across various blockchains such as Ethereum, Binance, Terra, Polygon, Solana, and Avalanche. While Ethereum claims $130 billion of the total total locked, TVLs on countless other blockchains continue to climb steadily without fuel.

Total value locked across all Defi compatible blockchains

The Total Value Locked (TVL) in Defi rose to $176.9 billion today, with a change of 1.07% in the last 24 hours, according to defillama.com Statistics. The TVL is steadily approaching the $200 billion zone and today Uniswap boasts a 3% dominance among the various Defi applications. The Defi application Aave has $16.04 billion and Curve captures $13.92 billion today as most of the TVL is tied to the Ethereum chain-backed application.

However, a number of other chains have contributed billions to the overall Defi TVL. While Ethereum ( ETH ) has around $130.07 billion as of Sunday, Binance Smart Chain (BSC) has around $19.05 billion TVL. This is followed by Terra ($7.84 billion), Polygon ($5.34 billion), Solana ($4.3 billion), Avalanche ($2.36 billion) and Klaytn ($1.29 billion). The latest launch of the Arbitrum mainnet scaling solution for Ethereum has about $2,343,531 TVL as of Sunday.

In terms of decentralized exchange (Dex) platforms, Curve has the most TVL today at $13.92 billion, followed by BSC-powered Pancakeswap with $5.94 billion and Uniswap has $5.3 billion TVL. For the Ethereum chain alone, among 16 different Dex platforms, Dune analysis dex statistics show that $19 billion worth of global swaps were made in the last seven days. $2.24 billion in 24 hours and Uniswap commands 69.2% of total Dex volume across 16 Dex platforms.

Uniswap Remains Ethereum's Top Dex, Unique Defi Addresses Rise to 3.3 Million

Seven-day statistics show Uniswap exchanged around $12,952,621,793 in global trading. 88% of volume comes directly from Dex applications, but the rest of the volume (11.7%) is routed through Dex aggregators such as 1inch, 0x API, Matcha and Paraswap. The number of Defi users or unique addresses in Ethereum-based Defi apps is 3.3 million. The largest lending apps today include platforms such as Aave, Compound, Anchor, Venus and Cream Finance.

Convex Finance holds the top position in the return-based TVL rankings on defillama.com on Sunday. This is followed by Yearn Finance, Alpaca Finance, Tranchen and Autofarm. The largest Defi asset in terms of TVL is Wrapped Bitcoin (WBTC) with $10.05 billion locked. The second largest Defi asset is hbtc (HBTC) with $1.74 billion and Mirror (MIR) with $1.01 billion.

What do you think about Defi TVL growth across different blockchains? Let us know your thoughts on this topic in the comments below.

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