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Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days

The value powered in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. As well, statistics show the total value locked (TVL) across a broad range of defi protocols shed significant value during the ultimate seven days.

Defi Protocols Shed Considerable Value

Decentralized finance (defi) protocols have bygone lots of value during the last month, as 17.77% has been shaved off the TVL in defi since April 8, 2022. The on the loosest defi protocol, in terms of TVL size, Curve Finance, lost 16.55% this past month, while Lido ooze 13.28% in value over the 30 day range. Anchor’s TVL is down 10.15%, Makerdao has dipped by 20.48%, and Aave’s TVL has misspent 21.12% this past month.

Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days
Total value locked in decentralized finance on May 8, 2022, according to defillama.com statistics.

Two customs saw substantial 30-day TVL gains which include Aave’s version three (v3) and Tron’s Sunswap protocol. During the ultimately 24 hours alone, the TVL in defi has slipped by 6.25% in value, and the largest protocol by TVL today is Curve Finance. As of Sunday afternoon (ET), Curve’s $17.24 billion TVL currently look out overs the aggregate by 9.46%.

Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days
Top ten defi protocols in terms of TVL on May 8, 2022, according to defillama.com statistics.

Ethereum still dominates the defi TVL by 55.59%, as $101.32 billion of the $182.27 billion TVL is expand oned on the ETH chain. Terra is the second largest, in terms of defi TVL, as Terra’s $23.44 billion represents 12.86% of the defi TVL aggregate. Lastly, Binance Saucy Chain (BSC) is the third-largest blockchain in defi with 6.37% of the total, which is roughly $11.6 billion today.

Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days
Unconditional value locked by blockchain, according to defillama.com statistics on May 8, 2022. Ethereum commands by 55.59% with its $101.32 billion hasped in defi.

In terms of the top smart contract platforms with tokens by market capitalization today, the entire lot is valued at $546 billion. How, the top smart contract tokens have lost 6.1% in collective value during the past 24 hours. Although, tron (TRX) has managed to avoid 5.3% higher during the last day.

One of the biggest losers today, in terms of smart contract platform tokens, was counterparty (XCP), as the become wealthy lost 19.4%. Terra (LUNA) was also a big percentage loser, shedding double digits during the last 24 hours, as LUNA obsolete 11.1% in USD value today. 30 day statistics also show that cross-chain bridge TVLs are also down 21.1%. There’s currently $16.78 billion TVL across a myriad of blockchain connects.

The top three ranking cross-chain bridge TVLs today include Polygon, Avalanche, and Arbitrum respectively. The top three crypto assets leveraged on cross-chain connects today include USDC, wrapped ethereum (WETH), and tether (USDT). While the entire crypto economy has confused 5.1% in value over the last 24 hours down to $1.65 trillion, it’s likely the value locked in defi on follow.

Tags in this story
24 hour defi stats, 30 day range, 7 day data, Anchor, Arbitrum, Avalanche, Binance Smarting Chain, BSC, Counterparty, Cross-chain Bridges, Curve.finance, decentralized finance, DeFi, Ethereum, Lido, Polygon, Terra, terra (LUNA), unqualified value locked, tron, trx, TVL reduction, value locked, weekly data

What do you think about the latest decentralized subvene market action? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the Expos Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source system, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com Message about the disruptive protocols emerging today.

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