Smart Contract token market increases to $ 332 billion; The Defi value reaches a maximum level that has not been seen since the FTX collapse-defi

The Smart Contract token economy rose by $ 5.6 % on Thursday compared to the US dollar and reached $ 332 billion. In addition, the value bound in decentralized financing (Defi) increased to almost $ 50 billion, a record high that has not been achieved since FTX collapsed.

Smart Contract Economy and Defi TVL relax

On Thursday, February 2, 2023, the Top-Smart-Contract-platform Coin Business increases to $ 332.86 billion, an increase of 5.6 % in the last 24 hours. A global trading volume of around $ 20.44 billion is currently paired with Smart Contract token. The 24-hour profits led by the top ten Smart-Contract crypto-assets to market capitalization and rose by 12 %on the last day. Aptos (apt) followed with the second largest climb and jumped by 10.4 % higher on Thursday.

Polkadot (DOT), Chainlink (link) and Solana (Sol) on the last day recorded all remarkable profits and rose 6 % to 7.1 %. The Smart Contract Coins outside the top ten, which recorded significant growth, include Near Protocol (Near), which rose by 11.4 %, and Fantom (FTM), which increased by 17.5 % on Thursday. Parsiq (PRQ) was the largest winner with an increase of 27.7 %, while opponent (XCP) was the biggest loser of Smart-Contract token and lost 9.9 % on Thursday.

The value bound in decentralized financing (Defi) has also increased and is around $ 49.48 billion near the $ 50 billion. The Lido protocol leads the Defi package, since its blocked total value (TVL) today accounts for 17.32 % of the $ 49 billion.

lidos tvl rose by 5.79 % and the second largest defi protocol, Makerdao, rose by 2.97 % within 24 hours. Rocket Pool experienced one of the biggest climbs of the Defi protocol on the last day with an increase of 7.38 %. According to defillama.com statistics have recorded the 20 most important tvls of the defi protocol in the past 30 days.

Ethereum remains the upper chain in decentralized finance today, since its defi protocols dominate the blocked total value (TVL) by 59.4 %. Tron, Binance Smart Chain (BSC), Arbitrum or Polygon in relation to the TVL size on February 2, 2023 follows Ethereum.

Changes in the past month show that the top ten blockchains also recorded double-digit TVL growth in relation to the DEFI-TVL. The biggest increase last month was the TVL from Optimism, which increase by 47.41 % over the period of 30 days. The last time that the TVL was so high in Defi was in November 2022, shortly before the crypto exchange collapsed.

What do you think about the market performance of smart-contract tokens on February 2 and the increase in Defi? Share your thoughts in the comment areas 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.

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