While the crypto economy breaks in, the total value blocked in Defi continues to increase - Defi

The total value (TVL) in decentralized finance (Defi) was around $ 176 billion in decentralized finance (Defi). At that time, the Fiat values of Bitcoin ($ 49,937) and Ethereum (3,886 USD) were much higher. Despite the fact that the crypto economy and these coins have lost value, the TVL has increased via Defi and rose by more than 5% to $ 185.32 billion.

defi tvl across all chains increases by more than 5%

decentralized finance (Defi) attracted billions of dollars, and at the time of writing, the total value that is blocked over a variety of blockchain is around $ 185.32 billion. That is about 5.113% more than the TVL nine days ago.

Statistics from the defillama.com dashboard indicates that there was an increase of 2.10 % on the last day and the defi platform AAVE has the highest dominance in terms of TVL (7.40 %). On the last day, Aave rose by 2.69 %, but 7-day indicators show that Aaves TVL has dropped by 4.23 % to $ 13.1 billion.

One would assume that the tvl held in defi would have lost value after the price of Ethereum ( eth ) lost. However, this is not the case, since the TVL values rose in a number of other blockchains.

In our last There was around 130 billion US dollar to Ether, which was enclosed in Defi. Today, metrics show that the current ether-tvl is $ 128.1 billion. Seven-day ether tvl changes show that the TVL of Ether has risen by 0.23% and the TVL from Solana by 100% within a week.

Both Binance Smart Chain (BSC) and Polygon (Matic) have lost TVL percentage points because they are older blockchain protocols compared to newer concepts such as Sol, Luna, Avax and Arbitrum. While BSC has dropped by 1.09% in the last seven days, it is still the second largest TVL leader in terms of defi blockchains at $ 16.6 billion.

The TVL from Polygon is the fifth largest in Defi and has currently blocked around $ 4.71 billion. Avalanche (AVAX) is another defi newcomer that has risen in Defi in terms of TVL.

Within a week, AVAX's TVL rose by 17.44 % to $ 2.37 billion. Arbitrum One has increased by massive 7.449% to currently 1.76 billion TVL. According to statistics, the Meme token Nyan has driven a huge amount of money into the Arbitrum One protocol. Other defi chains that recorded a remarkable increase in the TVL are networks such as Okexchain, Celo and Osmosis.

What do you think that the Total Value Locked (TVL) in Defi is increasing over various blockchains higher in value? Let us know your opinion on this topic in the comments below.

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