With a current market value of $ 1.83 trillion for all crypto assets over 13,000, the crypto economy has declined in value over the last 48 hours. In addition, the Locked Total Value (TVL) for the Decentralized Finance (defi) protocol fell below $ 200 billion on Sunday morning (EST) to $ 196,020 million. On the other hand, Ethereum’s advantage is $ 108.88 billion, which is 55.54% of the current total TVL currently held in decentralized finance.
Fixed value in the sink of the Defi protocol, Ethereum loses the advantage of decentralized finance
The value of the defi protocol has dropped from $ 251 billion at the end of December 2021 to the current $ 196.02 billion. This is a drop of about 21.91% in the value of the US dollar over the last two months.
On Sunday, March 6, 2022, the current TVL held at defi has increased by 0.11% in the last 24 hours, with Curve Finance dominating the protocol pack. Curve’s $ 17.88 billion TVL increased 0.64% last week, equivalent to 9.12% of decentralized TVL. The Curve is followed by Makerdao ($ 15.15B), Lido ($ 12.79B), and Convex Finance ($ 12.58B).
According to defillama.com chain stats, Ethereum still dominates TVL with defi this weekend, but only 55.59%. On October 5, 2021, ETH Defy had a 69% advantage and lost a 14% advantage in the last five months. Currently, Terra holds the second largest decentralized TVL, with $ 22.67 billion locked and more than half locked to the anchor protocol.
For TVL held on Sunday under the decentralized protocol, Terra is followed by BSC ($ 11.71B), Avalanche ($ 10.74B) and Fantom ($ 7.69B). Solana’s defiTVL this weekend has fallen by more than 5% over the past seven days to $ 6.83 billion.
At the time of the press, there are 381 decentralized exchange (dex) platforms with a total TVL of approximately $ 64.65 billion. According to data from Coingecko.com, Uniswap v3 is the top dex for $ 856.6 million in 24 hours this weekend.
Uniswap v3 is followed by Pancakeswap ($ 317M), Spookyswap ($ 270M), Curve ($ 155M), and Astroport ($ 155). The top three major smart contract platform tokens for 7-day profits were this week’s Waves (WAVES) up 51%, Risk (LSK) up 28.9% and WAN Chain (WAN) up 23.6%. ..
According to Dune Analytics indicators, on March 6th, the cross-chain bridge to Ethereum is currently fixed at a total value of $ 23.37 billion. The major cross-chain bridge TVLs include blockchains such as Avalanche, Polygon, Fantom, Ronin and Arbitrum respectively.
Currently, there are 25 decentralized finance (defi) oracles, with Chainlink dominating the pack. Chainlink has an Oracle advantage of approximately 54.83% on Sunday morning, ensuring a value of $ 52.23 billion across 141 protocols.
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