The value blocked in Defi continues to slip, ETH Defi dominates with 65%, Solana transactions rule-Defi

The value blocked in Defi continues to slip, ETH Defi dominates with 65%, Solana transactions rule-Defi

The Total Value Locked (TVL) in decentralized finance has dropped by 15.63% since the all-time high of the key figure of $ 275 billion on December 1 ago. Since the end of the first week of December, the TVL has dropped by 7.19% with A number of protocols that have 7-day losses in relation to TVL.

Defi-token YFI and CVX see 7-day profits in the double-digit range, including aggregate in Defi-Slips, almost 3% to $ 243 billion

according to Statistics , represent decentralized finance (defi) 132.6 billion US dollar or about 5.79% of the total Crypto economy of $ 2.28 trillion. The largest Defi token in terms of market capitalization is Terra (Luna), which has a dominance of 18% and a market assessment of around $ 23.9 billion. The two most powerful defi assets last week were YFI (YFI) and Convex Finance (CVX). The value of Yearn Finance rose by 33 % last week and the value of convex finance by 26.3 %.

The value blocked in defi continues, ETH defi dominates with 65%, Solana-transactions governing

In the meantime, the Defi-tokens Tokemak (Toke) and Bonfida (FIDA) recorded the strongest weekly losses last week. Tokemak lost 31.6% last week and Bonfida lost 28.7% of USD value. The most important decentralized stock exchange (Dex) on Friday is Uniswap Version 3 with a 24-hour volume of $ 2 billion. Uniswap (V3) follows Pancakeswap, Trader Joe, Biswap, Sushiswap, Uniswap (V2), Raydium2 or Curve Finance.

There were 6.2 billion dollars in 24-stunden-dex-handelsvolumen and 158.035.713 monthly visits to dex-protocols. According to defillama.com , the aggregated Total Value Locked (TVL) is 232 billion US dollars with a curve dominance of 9.17%. The TVL from Curve is $ 21.28 billion and supports seven different blockchains.

Ethereum still dominates the defi landscape, Solana transactions at 45 billion, cross-chain bridge TVL foils 3.4% in the past month

of all recorded defi blockchains today Ethereum has $ 159.64 billion TVL on Defi, which corresponds to 65.44% of the aggregated Defi-TVL. Binance Smart Chain (BSC) is the second largest blockchain in relation to TVL today. BSC has a TVL of $ 16.53 billion on Friday, which corresponds to about 6.77% of the $ 243.94 billion that are blocked in Defi. The chains that follow BSC include Terra, Solana, Avalanche, Tron, Polygon or Fantom. Fantom (3.52%) and BSC (1.75%) were the only top ten defi chains of all chains last week.

Statistics of Coin98 Analytics indicate that in relation to the overall transactions for blockchain network Solana holds the reins with 45 billion. The transaction dominance of Solana follows (2.68 b), BSC (2.09 b), Ethereum (1.39 b), polygon (1.19 b), Heco (534 m) and algorand (464 m). As for the number of validators for common blockchains, the Coin98 Analytics metrics Show Ethereum has 270,322 validators, while Elrond has 3,222.

The value blocked in defi continues to sink, ETH defi dominates with 65%, Solana transactions rule
Chart via Coin98 Analytics on December 14th December 2021.
Finally, as far as the TVL in cross-chain bridges is concerned, there are $ 22.73 billion on cross-chain-bridge TV. In the last 30 days there was a loss of 3.4% at TVL and Ronin Bridge with $ 6.4 billion. Avalanche ($ 5.88 billion), polygon ($ 5.83 billion), Arbitrum ($ 2.3 billion), fantom ($ 1.3 billion) and Optimism follow.

What do you think about the status of decentralized finances (defi), the decentralized stock exchange applications (Dex) and the overall value that is included in these blockchains? Let us know your opinion on this topic in the comments below.

Jamie Redman

Jamie Redman is News Lead at Bitcoin.com News and a Finanztech journalist 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 4,900 articles for Bitcoin.com news about the disruptive protocols that arise today.


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