Value Locked in Defi Falls 5% in 24 Hours, AMM and Rebase Tokens Suffer Double-Digit Losses –

Since mid-November, the total value locked (TVL) in decentralized finance (defi) has fallen from $257 billion to $250.55 billion, losing more than 5% in the last 24 hours. In the last seven days, Defi tokens such as Uniswap, Pancakeswap, Curve Dao token, 1inch and Sushi have lost between 15 and 23.9% in value.

Defi TVL drops—Curve, Makerdao and Convex Finance dominate

At the time of writing, the TVL in Defi protocols across a variety of blockchains is according to $250.55 billion Metrics from defillama.com. The locked aggregate Defi value has lost 5.08% over the last day and the protocol curve dominates most of the TVLs listed with a dominance of 8.07%.

The Automated Market Maker (AMM) curve stands at $20.23 billion TVL, up 1.13% over the past week. Makerdao is the second largest Defi protocol TVL with $18.56 billion at the time of writing. The third largest Defi protocol TVL is now owned by Convex Finance with $15.14 billion.

Ethereum Defi TVL Dominance 65%, Binance Smart Chain 6%, Terra 5%

TVL per blockchain shows Ethereum owns $164.36 billion of the $250.55 billion in Defi as of Sunday. Binance Smart Chain (BSC) captures $16.61 billion and the chain is the second largest chain in terms of Defi protocol TVLs.

Following BSC are Terra ($13.29 billion), Avalanche ($12.03 billion), Solana ($12.46 billion) and Tron ($5.48 billion). At the time of writing, Ethereum has 65.58% of the 250.55 billion. While BSC has a dominance of 6.62%, the TVL in Terra takes 5.30%.

Rebase and AMM Defi token foil—Crosschain Bridge TVL slides 26% in 30 days

statistics from coingecko.com show that the total market capitalization of the top automated market makers (AMM) Defi tokens fell by 13.6% to $17.2 billion. Additionally, Metrics show that Rebase tokens lost 5.1% to a low of $6.09 billion on Sunday.

Top AMM crypto asset Uniswap (UNI) has lost 15% in the last seven days. Uniswap followed by Pancakeswap (16.7%), Curve Dao Token (27.2), 1inch (26.3%), Sushi (23.9%) and Bancor Token (10.1%).

Rebase tokens such as Olympus (OHM) lost 17.1% over the past week, while Wonderland (TIME) lost 18.5%. Klima Dao (KLIMA) has fallen 50.6% in the last seven days and Ampleforth (AMPL) has lost 17.7%.

Monthly statistics show that cross-chain bridge TVLs have decreased by 26.9% and there are $24.40 billion TVL in bridges to Ethereum today, according to Dune Analytics. Leading the way is Ronin Bridge with $6.9 billion, Avalanche with $6.6 billion and Polygon with $5.6 billion.

What do you think about the state of decentralized finance (defi) today? Let us know your thoughts on this topic in the comments below.

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