Crypto AnalyticsEthereum (ETH)

The value locked in Defi continues to slide, ETH Defi dominates with 65%, Solana transactions rule – Defi – Crypto News

Total Value Locked (TVL) in decentralized finance is down 15.63% from the all-time high of $ 275 billion on December 1, 16 days ago. Since the end of the first week of December, TVL is down 7.19% with a number of logs showing 7-day losses for TVL.

Defi-Token YFI and CVX see 7-day gains in double digits, aggregate included in Defi-Slips, almost 3% to $ 243 billion

According to statistics, Decentralized Financial Tokens (defi) represent $ 132.6 billion or about 5.79% of the total crypto economy of $ 2.28 trillion. The largest defi token in terms of market capitalization is Terra (LUNA), which has a dominance of 18% and a market valuation of around $ 23.9 billion. The two top performing Defi-Assets last week were YFI (YFI) and Convex Finance (CVX). Yearn Finance’s value rose 33% and Convex Finance’s value rose 26.3% over the past week.

Meanwhile, the defi-tokens tokemak (TOKE) and bonfida (FIDA) posted the largest weekly losses last week. Tokemak lost 31.6% in value and Bonfida lost 28.7% in USD value last week. The main decentralized exchange (Dex) on Friday is Uniswap version 3 with a 24-hour volume of 2 billion US dollars. Uniswap (v3) follows Pancakeswap, Trader Joe, Biswap, Sushiswap, Uniswap (v2), Raydium2 and Curve Finance.

It was $ 6.2 billion in 24 hour Dex trading volume and 158,035,713 monthly visits to Dex Logs. According to defillama.com, the aggregated Total Value Locked (TVL) across a variety of blockchains is $ 232 billion with a curve dominance of 9.17%. Curve’s TVL is $ 21.28 billion and supports seven different blockchains.

Ethereum still dominates the Defi landscape, Solana transactions at 45 billion, Cross-Chain Bridge TVL slides 3.4% last month

Of all the recorded Defi blockchains, Ethereum now has $ 159.64 billion TVL in Defi, which is 65.44% of the aggregated Defi TVL. Binance Smart Chain (BSC) is the second largest blockchain in terms of TVL today. BSC has a TVL of $ 16.53 billion as of Friday, which is roughly 6.77% of the $ 243.94 billion locked in Defi. The chains that follow BSC include Terra, Solana, Avalanche, Tron, Polygon and Fantom, respectively. Out of all of the chains over the past week, Fantom (3.52%) and BSC (1.75%) were the only top ten Defi chains that had a higher TVL percentage.

Coin98 Analytics statistics indicate that in terms of total transactions for blockchain networks, Solana holds the reins with 45 billion. Solana’s transaction dominance is followed by Tron (2.68 B), BSC (2.09 B), Ethereum (1.39 B), Polygon (1.19 B), HECO (534 M) and Algorand (464 M). As for the number of validators for popular blockchains, the Coin98 Analytics metrics show Ethereum has 270,322 validators while Elrond has 3,222.

Chart over Coin98 Analytics on December 14, 2021.

Finally, as for the TVL in cross-chain bridges, there is now $ 22.73 billion in cross-chain bridge TVL. TVL has lost 3.4% in the past 30 days and Ronin Bridge holds the top spot at $ 6.4 billion. Ronin is followed by Avalanche ($ 5.88 billion), Polygon ($ 5.83 billion), Arbitrum ($ 2.3 billion), Fantom ($ 1.3 billion), and Optimism ($ 433 million).

What do you think of the state of decentralized finance (defi), decentralized exchange applications (dex), and the total value included in these blockchains? Let us know what you think on this matter in the comments below.

The value locked in Defi continues to slide, ETH Defi dominates with 65%, Solana transactions rule – Defi – Crypto News, Crypto Trading News

Jamie Redman

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 4,900 articles for Bitcoin.com News on the disruptive protocols emerging today.




Photo credits: Shutterstock, Pixabay, Wiki Commons


Source: Crypto News Austria

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