During the last few weeks, the total value locked (TVL) in decentralized finance (defi) has come awfully close to reaching the $100 billion mark again, but it fell short this week. Ngayon, the value locked across the defi ecosystem is $86.22 billion as the TVL has lost 3.34% during the past 24 hours.
Value Locked in Decentralized Finance Falls Short From Tapping $100 Billion
On August 2, 2022, the value locked in decentralized finance (defi) protocols is around $86.22 bilyong, according to defillama.com metrics. Makerdao dominates the pack by 9.67% with the protocol’s $8.34 billion locked.
Today’s defi TVL is down 3.34% but the value has been steadily rising since the low of $69 billion recorded in mid-June. The TVL has seen a 24.95% rise since that low in mid-June and the value locked managed to reach $89.84 billion on July 29.
Out of all the defi supporting blockchains, Ethereum is still the dominant leader capturing 65.20% of today’s TVL with approximately $55.84 billion locked on August 2. Binance Smart Chain (BSC) follows Ethereum with $6.64 billion locked which equates to 7.75% ng $86.22 bilyong.
Tron is the third largest today in defi, na may $5.78 billion locked, which represents around 6.75% of the TVL in defi. While Makerdao is the largest defi protocol, the application’s TVL rose by 5.91% this past week.
Instadapp, Lido Capture Double-Digit Monthly Gains — Cross-Chain Bridge TVL Slides More Than 60% This Past Month
Seven-day statistics show that out of the top ten largest defi protocols in terms of TVL, Instadapp saw a 27.38% pagtaas. The liquid staking defi protocol Lido jumped by 13.63% this past week and Convex Finance saw an 11.18% pagtaas.
All of the top ten defi apps saw TVL gains this week and also saw gains during the past 30 days. Instadapp, which is in the tenth position, saw a 49.14% monthly TVL increase, and Lido’s TVL swelled by 44.50% over the last 30 days.
The cross-chain bridge ecosystem has cratered as 30-day statistics show that it’s down 60.4% and the Nomad bridge exploit contributed to this month’s losses. The smart contract platform token market capitalization today is $333 bilyong, which is a 2.2% drop in the last 24 hours.
The biggest smart contract platform token gainers during the past week were ethereum (NGIPIN) at ethereum classic (ATBP). NGIPIN jumped 10.5% at ATBP increased 54.9% laban sa US. dollar. Besides ATBP, neblio (NEBL) jumped 121.5% this past week and oasis network (ROSE) increased by 72.5%.
What do you think about the recent decentralized finance (defi) market action and the cross-chain bridge TVL plummeting? Ipaalam sa amin kung ano sa tingin mo ang paksang ito sa bahagi ng mga komento sa ibaba.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Maximumhorrors.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, direkta o di-tuwiran, para sa anumang pinsala o pagkawala na sanhi o pinahihintulutan na maging sanhi o kaugnayan sa paggamit o pag-asa sa anumang nilalaman, goods or services mentioned in this article.