Smart-Contract platform token record double-digit profits and increase Defi TVL to over 40 billion US dollars-Defi

token for decentralized finances (defi) and intelligent contract platforms recovered on Monday morning (ET), and the total value blocked in defi jumped for the first time since mid-December 2022 via the $ 40 billion. The top coins for intelligent contract platforms after market capitalization rose 7.1 % on January 9, 2023, and most have recorded double-digit growth in the past week.

Lido Finance develops into the most dominant Defi protocol and exceeds Makerdao in TVL size

The cryptocurrency markets were positive at the beginning of the second week of 2023, since the entire crypto economy rose by 3.6 % to $ 893 billion on Monday around 11:00 a.m. (ET). Token for intelligent contract platforms have risen by 7.1 % to $ 274 billion, which corresponds to about 30.68 % of the total crypto economy. Of the five top coins for intelligent contract platforms, Solana (Sol) recorded the greatest increase and rose by 24.2 %within 24 hours.

cardano ( ada ) followed, with ada increase by 11.7 % compared to the last day. Ether ( eth ) has risen by 5.1%, BNB 5.5 % and polygon (Matic) swelled by 6.7 % in 24 hours. In addition, all five of the top smart contract assets have recorded double-digit peak values ​​in the past seven days. Sol led the pack again and jumped up 72.3 % last week ada at the same period. Ether ( eth ) in the last seven days compared to the top competitor, since the cryptocurrency increased by 11.5 % this week is.

Of course, the increase in the price of smart contract platform token also led to an increase in the blocked total value (TVL). Since mid-December 2022, the TVL in Defi was below the $ 40 billion, but on January 9, 2023, he managed to climb around $ 41.1 billion again on Monday. While Makerdao was the most dominant defi protocol, Lido Finance is now the most dominant with 15.92 % of the TVL in Defi. Lido has a TVL of around $ 6.54 billion, while Makerdao follows $ 6.44 billion. Aave, curve and uniswap follow the TVL size.

Ethereum is still the most dominant defi, measured by the TVL size, since the $ 24.61 billion of the chain $ 59.88 % of the total blocked $ 41.1 billion. With $ 4.41 billion, Binance Smart Chain has the second largest TVL, Tron occupies third place with $ 4.13 billion, polygon takes up the fourth position with $ 1.05 billion, and the fifth largest in Defi is today in Defi, Arbitrum with $ 1.03 billion. On the last day, the TVL Defi rose by 2.99 %, but the TVL still has a long way to reach the $ 178.55 billion in November 2021.

What do you think about the status of decentralized financing and smart contracts assets when we start the second week of the new year? Share your thoughts 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 6,000 articles for Bitcoin.com news about the disruptive protocols that arise today.

Bedy verification : Shutterstock, Pixabay, WikiCommons