Defi Protocols Shed Gains, TVL Falls Below $200 Billion

For the primary time since March 16, 2022, the worth locked in defi has fallen beneath $200 billion. 

Whereas the cryptocurrency market misplaced billions this week, the whole worth locked (TVL) in decentralized finance protocols fell beneath $200 billion, to $196.6 billion. The TVL in defi has declined 3.16 p.c within the final day and stands round $196.6 billion on the time of writing, down 3.16 p.c within the final 24 hours.

Massacre for Defi protocols

Aside from Anchor, all ten of the main defi tokens have proven important 30-day TVL proportion decreases. For the reason that earlier month, Curve Finance has misplaced 11.74 p.c, Lido has misplaced 13.73 p.c, Makerdao has misplaced 16.81 p.c, and Convex Finance has misplaced 10.59 p.c.

The Aave Protocol has misplaced probably the most within the final 30 days, shedding 21.98 p.c since final month. Curve Finance is probably the most used defi protocol, with a market share of 9.56 p.c and a TVL of roughly $18.8 billion.

The TVL, which is constructed on Ethereum-based defi protocols, continues to dominate the roost right this moment, with a 55.55 p.c market share price $109.21 billion. With 14.36 p.c of the $196.6 billion in defi TVL, Terra blockchain is the second largest. Terra’s TVL is presently $28.23 billion, with $16.48 billion in Anchor.

Value Locked in Defi Drops Below $200 Billion, April's Dex Trade Volume Drops 21% Lower Than March

Blockchains similar to BSC ($12.04 billion), Avalanche ($9.38 billion), and Solana ($6.09 billion) are behind Ethereum and Terra when it comes to defi TVL measurement.

Curve, Lido, Anchor, Makerdao, and Convex Finance are the highest 5 defi protocols when it comes to defi TVL measurement. Final month, Terra’s Anchor Protocol skilled a 4.15 p.c improve in 30-day TVL.

Regardless of the unique shedding 21.98 p.c, Aave model three (v3) has seen a substantial achieve within the final 30 days. Right this moment, Aave v3 has a TVL of roughly $1.38 billion, up 2,711% from final month.

Based on statistics, there shall be 428 decentralized alternate (dex) platforms with a mixed TVL of $61.44 billion by Saturday, Might 1, 2022. There are additionally 142 defi lending protocols with a complete worth of $48.87 billion.

The amount of dex trades additionally decreased in April, based on the info. Dex quantity was round $117 billion in March, whereas figures recommend that it was simply round $92.18 billion in April.

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