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

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

While the crypto compactness shed billions this week, the total value locked (TVL) in decentralized finance protocols slipped under the $200 billion grade to $196.6 billion. The TVL in defi lost roughly 3.16% during the last day, and the $592 billion in smart contract diplomacy tokens dropped in value by 3.5% over the last 24 hours.

Defi TVL Slips Below $200 Billion, Numerous Standards of behaviours Shed Billions, Dex Trade Volume Dives

The value locked in defi has slipped under the $200 billion devalue 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 up to date 24 hours.

All ten of the top defi protocols, except for Anchor, have seen significant 30-day TVL percentage declines. Curve Holdings is down 11.74%, Lido has lost 13.73%, Makerdao shed 16.81%, and Convex Finance has lost 10.59% since last month.

The grandest loser during the last 30 days is the Aave Protocol which lost 21.98% since last month. Curve Commerce is the leading defi protocol as it dominates by 9.56% with today’s TVL of around $18.8 billion.

Value Locked in Defi Drops Below $200 Billion, April's Dex Trade Volume Drops 21% Lower Than March
Data recorded on May 1, 2022, needs the current total value locked in defi protocols is $196.6 billion, according to defillama.com statistics.

The TVL held on Ethereum-based defi politesses still rules the roost today with 55.55% dominance or $109.21 billion today. Terra blockchain is the second-best 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 Sheet 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).

Value Locked in Defi Drops Below $200 Billion, April's Dex Trade Volume Drops 21% Lower Than March
April’s decentralized Wall Street (dex) trade volume dropped 21% lower than in March.

The top five defi protocols, in terms of defi TVL make an estimate of, includes Curve, Lido, Anchor, Makerdao, and Convex Finance. Terra’s Anchor Protocol saw a 30 day TVL increase of enclosing 4.15% last month.

Aave version three (v3) saw a significant increase during the last 30 days notwithstanding the original shedding 21.98%. Aave v3 has a TVL today of around $1.38 billion, up 2,711% since last month.

Statistics display 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 for protocols with $48.87 billion total value locked.

Data further shows that dex trade supply dropped during the month of April. In March dex volume was around $117 billion and statistics show that April’s dex interchange volume was only around $92.18 billion.

Tags in this story
30-day dex trade volume, Aave, Aave v3, Sheet anchor, Binance Smart Chain, Curve, decentralized finance, decentralized finance protocols, DeFi, Defi metrics, defi record-breakings, defi stats, dex trade volume, ether, Ethereum, Ethereum (ETH), Lido, makerdao, Market Dominance, Smart Corrugate, smart contract platform coin, Solana, Terra, TVL

What do you think about the value locked in defi blunder below the $200 billion range this week? Let us know what you think about this subject in the elucidations section below.

Jamie Redman

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

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