Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Päivää

Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Päivää

The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 miljardia. Lisäksi, statistics show the total value locked (TVL) across a broad range of defi protocols shed significant value during the last seven days.

Defi Protocols Shed Considerable Value

Decentralized finance (defi) protocols have lost lots of value during the last month, as 17.77% has been shaved off the TVL in defi since April 8, 2022. The largest defi protocol, in terms of TVL size, Curve Finance, lost 16.55% this past month, while Lido shed 13.28% in value over the 30 day range. Anchor’s TVL is down 10.15%, Makerdao has dipped by 20.48%, and Aave’s TVL has lost 21.12% this past month.

Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days
Total value locked in decentralized finance on May 8, 2022, according to defillama.com statistics.

Two protocols saw substantial 30-day TVL gains which include Aave’s version three (v3) and Tron’s Sunswap protocol. During the last 24 hours alone, the TVL in defi has slipped by 6.25% in value, and the largest protocol by TVL today is Curve Finance. As of Sunday afternoon (ET), Curve’s $17.24 billion TVL currently dominates the aggregate by 9.46%.

Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days
Top ten defi protocols in terms of TVL on May 8, 2022, according to defillama.com statistics.

Ethereum still dominates the defi TVL by 55.59%, as $101.32 billion of the $182.27 billion TVL is held on the ETH ketju. Terra is the second largest, in terms of defi TVL, as Terra’s $23.44 billion represents 12.86% of the defi TVL aggregate. Lastly, Binance Smart -ketju (BSC) is the third-largest blockchain in defi with 6.37% of the total, which is roughly $11.6 billion today.

Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days
Total value locked by blockchain, according to defillama.com statistics on May 8, 2022. Ethereum commands by 55.59% with its $101.32 billion locked in defi.

In terms of the top smart contract platforms with tokens by market capitalization today, the entire lot is valued at $546 miljardia. kuitenkin, the top smart contract tokens have lost 6.1% in collective value during the past 24 tuntia. Although, tron (TRX) has managed to jump 5.3% higher during the last day.

One of the biggest losers today, in terms of smart contract platform tokens, was counterparty (XCP), as the coin lost 19.4%. Terra (LUNA) was also a big percentage loser, shedding double digits during the last 24 tuntia, as LUNA lost 11.1% in USD value today. 30 day statistics also show that cross-chain bridge TVLs are also down 21.1%. There’s currently $16.78 billion TVL across a myriad of blockchain bridges.

The top three ranking cross-chain bridge TVLs today include Polygon, Avalanche, and Arbitrum respectively. The top three crypto assets leveraged on cross-chain bridges today include USDC, wrapped ethereum (WETH), and tether (USDT). While the entire crypto economy has lost 5.1% in value over the last 24 hours down to $1.65 trillion, it’s likely the value locked in defi will follow.

Tags in this story
24 hour defi stats, 30 day range, 7 day data, Anchor, Arbitrum, Avalanche, Binance Smart -ketju, BSC, Counterparty, Cross-chain Bridges, Curve.finance, decentralized finance, DeFi, Ethereum, Lido, Polygon, Terra, terra (LUNA), total value locked, tron, trx, TVL reduction, value locked, weekly data

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Jamie Redman

Jamie Redman is the News Lead at krakow3d.com News and a financial tech journalist 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 5,000 articles for krakow3d.com News about the disruptive protocols emerging today.




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