The value blocked in Defi will slip by 21 %in 2 weeks, $ 200 billion TVL is still 10 times larger than last year - Defi

of the value (Defi), which has been blocked in decentralized (Defi), has dropped by 21.22 % since January 4, 2022. At that time, the total value blocked (TVL) was $ 255.84 billion, and today the TVL is around $ 2015 billion.

tvl in defi loses $ 54 billion in 2 weeks

While the markets for digital currencies have lost considerably in the past two weeks, the value bound in decentralized financing has also dropped considerably. Since the first week of January, the TVL has taken a value of $ 54.29 billion.

Today the TVL is in defi 201.55 billion US dollars which has fallen by 1.19 % in the last 24 hours. While Defi has a significant loss of value, it has more than doubled its share in crypto economy.

In January 2021, the TVL in Defi was around 20 billion US dollar and today at 2015 billion US dollar, which is one 10 times the increase compared to last year.

Since the beginning of 2021, the proportion of Defi in crypto economy "has more than doubled from 2.8 % to an all -time high of 6.5 %," according to the statistics of Coingecko.com annual cryptoberry .

At the time of writing this article, the Defi Protocol Curve Finance has a dominance assessment of 9.69 % of the blocked $ 201 billion. Curve is active on eight different blockchains and has a TVL of around $ 19.53 billion. The metrics show that Curve's TVL has dropped by 16.34 % in the past seven days. Curve is followed by Makerdao, Convex Finance, Aave or WBTC in relation to the blocked total value.

Ethereum Defi-Dominance is still there, Fantom's TVL jumps by 59 %

While the TVL in Defi is now $ 201 billion in Defi, the $ 119.04 billion in Ethereum is. The TVL from Ethereum represents 59.06 % of the total TVL of all defi protocols on Sunday morning (EST).

The Terra blockchain has $ 16.94 billion, followed by Binance Smart Chaindas is $ 12.22 billion. At $ 12.06 billion, Fantom has the fourth largest position in relation to TVL, which is held by a certain blockchain.

Avalanche holds the fifth largest position with $ 8.62 billion and Solana occupies the sixth top position with $ 8.12 billion. Terra's largest Defi protocol is the Anchor application, BSC's largest is pancake wap and Fantoms is the multiChain protocol.

The largest defi protocol from Avalanche on Sunday is Aave and Solanas is the Serum application. While most blockchains lost value last week, Fantom's TVL rose by 59.61 % and the Heco TVL by 52.77 % in seven days.

What do you think of the latest actions in the world of decentralized finances? Share your opinion 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 5,000 articles for Bitcoin.com news about the disruptive protocols that arise today.

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