Defi TVL Jumps 12% Since Mid-December, Near $25B in Bridges, Convex Positive aspects on Curve’s Dominance – Defi Bitcoin Information
Total Value Locked (TVL) in decentralized finance (defi) rose 4% in the first four days of the new year, from $ 245 billion on Jan. 1 to $ 255.84 billion three days later. While the Defi-Protocol dominates Curve Finance with a TVL of US $ 24.44 billion, Convex Finance is approaching dominance with US $ 21.27 billion. Meanwhile, Ethereum dominates the Defi-TVL by several blockchains at 62.91%, or $ 160.96 billion of the total of $ 255.84 billion suspended today.
Defi TVL increases by 4% in the first 4 days of 2022
Money flows back into decentralized financing (Defi) and a number of Defi tokens gain in value. Statistics from defillama.com show the TVL in Defi hit a low of $ 228.13 billion on December 11th and has since increased by 12.14% in value. On the first day of 2022, the TVL in Defi was $ 245 billion and has increased 4% to date, reaching $ 255.84 billion on Tuesday.
Total value in decentralized financing (defi) blocked on January 4, 2022.
The 255.85 billion US dollars are distributed across numerous blockchains such as Ethereum, Terra, Binance Smart Chain (BSC), Avalanche, Solana, Fantom, Tron, Cronos, Polygon, Arbitrum, Harmony, Waves, Ronin, Heco, Thorchain, Near , Smartbch, Elrond, and Osmose.
Top 12 Blockchains Regarding Defi TVL on January 4th, 2022.
Ethereum’s TVL over 383 protocols is now $ 160.96 billion, followed by Terra’s $ 19 billion over just 14 defi protocols. BSC has $ 16.57 billion on Tuesday for 263 defi protocols.
Although Terra and BSC are the second and third largest Defi-TVLs, they represent only 22.09% of the value set in Ethereum Defi protocols today. Terra posted a 1.98% increase in TVL last week, but Fantom jumped 28.96% to $ 6 billion and osmosis rose 40.43% and crossed the $ 1 billion zone.
Curve dominates with 9.55% of TVL in defi, fuse jumps 183%, top 7 smart contract networks see weekly losses
Metrics show that Curve dominates the largest TVL in Defi today in seven different chains with $ 24.44 billion and a dominance of 9.55% among the locked-in $ 255.84 billion. Curve is followed by Convex ($ 21.27 billion), Makerdao ($ 18.28 billion), Aave ($ 14.62 billion), Lido ($ 12.48 billion), WBTC ($ 12.11 billion). $) and Instadapp ($ 10.88 billion).
Top 10 Defi Logs Relating to Total Value Locked on Jan 4th, 2022.
Today, the TVL in cross-chain bridges to Ethereum is $ 24.67 billion, a change of 1.5% in 30 days. The number of unique addresses within the cross-chain bridge TVL in 30 days is 87,855 addresses.
Polygon Bridges are the largest TVL at $ 6.6 billion as of Tuesday, and Ronin has $ 6.1 billion. It is followed by Avalanche ($ 5.8 billion), Arbitrum ($ 2.8 billion), Fantom ($ 1.4 billion), and Optimism ($ 538 million). The top 7 smart contract blockchain platforms by market valuation have all fallen between 3.2% and 12.5% over the past week. The seven smart contract blockchain platforms include Ethereum, Solana, Cardano, Polkadot, Terra, Avalanche, and Polygon.
The eight to tenth largest smart contract networks now have Chainlink (+ 5.3%), Algorand (+ 3.2%) and Near (+ 12.6%). The smart contract network’s biggest seven-day winner this week was Fuse (FUSE), which climbed 183.6% against the US dollar.
Enigma (ENG) rose 48.8% in seven days and Velas (VLX) rose 35.7% this week. Velas Network AG has just entered into a partnership with the Italian luxury sports car manufacturer Ferrari. The smart contract platform’s biggest loser this week was the Poa Network (POA), which lost 49.8% in value, followed by Cypherium (CPH), which lost 37.8% in seven days.
Tags in this story
Aave, Arbitrum, Avalanche, Binance Smart Chain, BSC, Cardano, Convex, Cross-Chain Bridges, Curve, decentralized finance, DeFi, Defi-Protocols, Elrond, ETH, Ether, Ethereum, Fantom, Fuse (FUSE), Harmony, Heco , Instadapp, Lido, Makerdao, NEAR, Optimism, Osmose, Polkadot, Polygon, Ronin, Smartbch, Solana, Terra, Thorchain, Total Locked, TVL, WAVES, WBTC
What do you think of the recent Defi actions over the past week? Let us know what you think on this matter in the comments below.
Jamie Redman is the News Lead at Bitcoin.com News and a Florida-based financial tech journalist. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for bitcoin, open source code and decentralized applications. As of September 2015, Redman has written more than 5,000 articles for Bitcoin.com News on the disruptive protocols emerging today.
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