While the crypto economy shed billions this week, the total value locked (TVL) in decentralized finance protocols slipped under the $200 billion range to $196.6 billion. The TVL in defi lost roughly 3.16% during the last day, and the $592 billion in smart contract protocol tokens dropped in value by 3.5% over the last 24 hours.
Defi TVL Slips Below $200 Billion, Numerous Protocols Shed Billions, Dex Trade Volume Dives
The value locked in defi has slipped under the $200 billion mark for the first time since March 16, 2022. At the time of writing the total value locked (TVL) is roughly $196.6 billion, down 3.16% during the last 24 hours.
All ten of the top defi protocols, except for Anchor, have seen significant 30-day TVL percentage declines. Curve Finance is down 11.74%, Lido has lost 13.73%, Makerdao shed 16.81%, and Convex Finance has lost 10.59% since last month.
The biggest loser during the last 30 days is the Aave Protocol which lost 21.98% since last month. Curve Finance is the leading defi protocol as it dominates by 9.56% with today’s TVL of around $18.8 billion.
Data recorded on May 1, 2022, indicates the current total value locked in defi protocols is $196.6 billion, according to defillama.com statistics.
The TVL held on Ethereum-based defi protocols still rules the roost today with 55.55% dominance or $109.21 billion today. Terra blockchain is the second largest in terms of defi TVL with 14.36% of the $196.6 billion. Terra’s TVL today equates to $28.23 billion and $16.48 billion resides in Anchor.
Behind Ethereum and Terra, in terms of defi TVL size, includes blockchains such as BSC ($12.04B), Avalanche ($9.38B), and Solana ($6.09B).
April’s decentralized exchange (dex) trade volume dropped 21% lower than in March.
The top five defi protocols, in terms of defi TVL size, includes Curve, Lido, Anchor, Makerdao, and Convex Finance. Terra’s Anchor Protocol saw a 30 day TVL increase of around 4.15% last month.
Aave version three (v3) saw a significant increase during the last 30 days despite the original shedding 21.98%. Aave v3 has a TVL today of around $1.38 billion, up 2,711% since last month.
Statistics show that on Saturday, May 1, 2022, there’s 428 decentralized exchange (dex) platforms with a combined TVL of around $61.44 billion. There’s also 142 defi lending protocols with $48.87 billion total value locked.
Data further shows that dex trade volume dropped during the month of April. In March dex volume was around $117 billion and statistics show that April’s dex trade volume was only around $92.18 billion.
Tags in this story
30-day dex trade volume, Aave, Aave v3, Anchor, Binance Smart Chain, Curve, decentralized finance, decentralized finance protocols, DeFi, Defi metrics, defi records, defi stats, dex trade volume, ether, Ethereum, Ethereum (ETH), Lido, makerdao, Market Dominance, Smart Contract, smart contract platform coin, Solana, Terra, TVL
What do you think about the value locked in defi slipping below the $200 billion range this week? Let us know what you think about this subject in the comments section below.
Jamie Redman
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