The total value blocked over several defi chains approaches $ 200 billion-Ethereum tvl dominance 69 %-Defi

While the crypto economy recorded a decent increase in performance in the first week of October, a number of decentralized financial (defi) tokens have recorded enormous growth. In addition, the total value that is blocked in defi has increased to $ 195 billion and has increased from $ 171 billion by more than 14%in the past two weeks.

Defi token explode, total value of DAPPS increases to $ 195 billion, Axie Infinity, Shiba Inu see top profits

digital currency markets of all kinds this week, some growth and defi coins and smart-contract token have recorded a clear increase in the last seven days. Weekly metrics show that crypto-assets such as qtum rose by 42 %, terra (luna) by 37 %, Binance Coin ( Bnb ) increased by 23% and Solana (Sol) rose by 22%.

other remarkable double-digit seven-day winners are tokens such as Arweave (AR), Dydx, Hedera (Hbar) and Vechain (VET). The two mega winners of this week include Axie Infinity (AXS) with an increase of 119.8% and Shiba Inu (Shib) with an increase of 92.3% in the last seven days. In the meantime, the Total Value Locked (TVL) in Defi protocols is around $ 195 billion, an increase of more than 14 % since 18. September .

The Defi Protocol curve at the time of writing has the greatest dominance with 7.52% of the TVL. At the time of the letter, Curve has around $ 14.71 billion TVL, followed by $ 14.65 billion of the AAVE protocol. While five chains are compatible with curve, only three blockchains can connect to AAVE.

Ethereum records 69 % of the Defi-TVL, while alternative chains master about 26 %

uther ( eth ) today with 135.05 billion US dollar or 69.2 % of the entire blocked def. Most funds in relation to TVL for different blockchains. TVL metrics for the Binance Smart Chain (BSC) show around $ 17.03 billion. The TVL of the BSC protocol is only 12.59 % of the aggregated total value, which on the ETH blockchain.

on BSC follow chains such as Solana ($ 11.5 billion), terra ($ 10.07 billion), polygon ($ 4.6 billion), avalanches ($ 4 billion), fantom ($ 2.31 billion) and Waves ($ 1.85 billion). Between Waves TVL and the Binance Smart Chain TVL, the seven blockchains have 26.15% of the $ 195 billion.

Curve is currently the leading decentralized stock exchange (dex) and curve is followed by Sushiswap, Pancakewap, Uniswap, Balancer and Sabre.

three of the above-mentioned Dex platforms (Saber, PancakeSwap, Uniswap) are all single-chain-dex applications, while Curve is connected to five crypto networks. Sushiswap is compatible with 13 blockchains and balancer connects with three chains.

What do you think of the growing activities related to the decentralized financial area (Defi)? Let us know your opinion on this topic in the comments below.

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