The total stranded value (TVL) in decentralized finance has declined 15.63% since the metric’s all-time high of $ 275 billion sixteen days ago on December 1. Since the end of the first week of December, TVL is down 7.19% with a number of protocols experiencing seven-day losses in TVL.
Defi YFI and CVX tokens show double-digit gains over 7 days, total stuck in challenge slips by nearly 3% at $ 243 billion
According to statistics, decentralized finance (challenge) tokens represent $ 132.6 billion, or about 5.79% of the entire crypto economy of $ 2.28 trillion. The biggest challenge token in terms of market capitalization is terra (LUNA), which dominates 18% and a market valuation of around $ 23.9 billion. The two top performing challenge assets over the past week were Annual Finance (YFI) and Convex Finance (CVX). Annual finance jumped 33% in value last week and convex finance increased in value by 26.3%.
Meanwhile, tokemak (TOKE) and bonfida (FIDA) challenge tokens recorded the largest weekly losses last week. Tokemak lost 31.6% in value last week and bonfida lost 28.7% in value in USD. Friday’s main decentralized exchange (dex) is Uniswap version 3 with a volume of $ 2 billion over 24 hours. Uniswap (v3) is followed by Pancakeswap, Trader Joe, Biswap, Sushiswap, Uniswap (v2), Raydium2 and Curve Finance, respectively.
There were $ 6.2 billion in 24-hour dex trade volume and 158,035,713 monthly visits to the dex protocols. According to defillama.com, the Aggregate Locked-In Total Value (TVL) on a myriad of blockchains is $ 232 billion with Curve dominance at 9.17%. Curve’s TVL is $ 21.28 billion and supports seven different blockchains.
Ethereum Still Dominates Defi Landscape, Solana Transactions At 45 Billion, TVL Inter-Chain Bridge Slips 3.4% Last Month
Out of all registered challenge blockchains, Ethereum orders 159.64 billion TVL in challenge today, which is equivalent to 65.44% of the aggregate TVL challenge. Binance Smart Chain (BSC) is the second largest blockchain in terms of TVL in challenge today. BSC has a TVL of $ 16.53 billion on Friday, which is about 6.77% of the $ 243.94 billion stranded in challenge. The chains that follow BSC include Terra, Solana, Avalanche, Tron, Polygon and Fantom, respectively. Of all the channels last week, the only top ten challenge channels to achieve a higher TVL percentage were Fantom (3.52%) and BSC (1.75%).
Coin98 Analytics Statistics indicate that in terms of total transactions for blockchain networks, Solana holds the reins with 45 billion. The dominance of Solana transactions is followed by Tron (2.68B), BSC (2.09B), Ethereum (1.39B), Polygon (1.19B), HECO (534M) and Algorand (464M). When it comes to the number of validators on popular blockchains, Coin98 Analytics metrics Pin up Ethereum has 270,322 validators, while Elrond has 3,222.
Finally, with regard to TVL in the inter-channel bridges, there are now 22.73 billion dollars in TVL inter-channel bridges. There has been a 3.4% loss of TVL in the past 30 days and Ronin Bridge is in first place with $ 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 about the state of decentralized finance (challenge), decentralized exchange applications (dex) and the total value locked in these blockchains? Let us know what you think of this topic in the comments section below.
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