{"id":19033,"date":"2023-03-22T20:03:48","date_gmt":"2023-03-22T20:03:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/value-locked-in-defi-rises-above-50-billion-mark-ethereum-dominates-tvl-by-blockchain-defi-bitcoin-news\/"},"modified":"2023-03-22T20:03:48","modified_gmt":"2023-03-22T20:03:48","slug":"value-locked-in-defi-rises-above-50-billion-mark-ethereum-dominates-tvl-by-blockchain-defi-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/value-locked-in-defi-rises-above-50-billion-mark-ethereum-dominates-tvl-by-blockchain-defi-bitcoin-news\/","title":{"rendered":"Value Locked in Defi Rises Above $50 Billion Mark, Ethereum Dominates TVL by Blockchain \u2013 Defi Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
\n<\/p>\n

\n
\n<\/header>\n
\n\n<\/div>\n

The total value locked (TVL) in decentralized finance (defi) has risen above the $50 billion mark after falling below the range throughout most of March. At present, the value locked in defi is approximately $50.34 billion, up 1.97% over the past 24 hours.<\/strong><\/p>\n

Defi Value Swells Close to 2% Higher to Over $50 Billion<\/h2>\n

With crypto assets swelling in value and the crypto economy rising 1.2% to $1.24 trillion, the total value locked (TVL) in defi on Wednesday was $50.34 billion<\/a>. The defi platform Lido Finance dominates the top defi protocols with $10.76 billion, up 10.60% in seven days and up 24.61% over the past month. Makerdao\u2019s TVL is the only defi protocol out of the top five that has seen a TVL reduction of 1.29%. Aave, Curve, and Uniswap have seen increases with Curve jumping ahead by 13.62%.<\/p>\n

\"Value
Defi TVL according to defillama.com stats on March 22, 2023.<\/figcaption><\/figure>\n

Most of the rise in defi has stemmed from the smart contract platform market capitalization rising 3.6% over the last day to $357 billion. The top five smart contract tokens have increased in value over the last week except for polygon (MATIC), which is down 3.9% over the past seven days. In terms of TVL by blockchain, Ethereum dominates the $50.34 billion by more than 59% with a total of $29.71 billion. Ethereum is followed by Tron ($5.35B), BSC ($5.1B), Arbitrum ($2B), and Polygon ($1.07B).<\/p>\n

As far as liquid staking, the top protocol on Ethereum is Lido, on Tron it\u2019s Neopin Staking, on BSC it\u2019s Ankr, on Arbitrum the top liquid staking app is Tenderize, and the top staking protocol on Polygon is Thunderpokt. For Ethereum, there\u2019s 7,843,929 ETH<\/a> worth $14.29 billion locked into liquid staking protocols today, with Lido dominating the pack. Behind Lido is Coinbase ($2.15B), Rocketpool ($805.53M), Frax ($224.22M), Stakewise ($158.34M), and Stakehound ($118.85M). The top five bridges, as far as TVL is concerned, include WBTC, Justcryptos, Multichain, Poly Network, and Portal.<\/p>\n

At 3:30 p.m. (ET) on March 22, 2023, after the recent Fed rate hike<\/a> and bitcoin (BTC<\/a>) dropping 3.4%, the TVL in defi has managed to remain just above the $50 billion range at $50.08 billion<\/a>.<\/p>\n

\n
\nTags in this story
\n<\/h6>\n
Ankr<\/a>, Arbitrum<\/a>, Blockchain<\/a>, Bridges<\/a>, BSC<\/a>, Coinbase<\/a>, Cryptocurrency<\/a>, decentralized finance<\/a>, DeFi<\/a>, Digital Assets<\/a>, Dominance<\/a>, Ethereum<\/a>, FRAX<\/a>, Justcryptos<\/a>, Lido<\/a>, Liquid Staking<\/a>, Locked<\/a>, locked-in<\/a>, locked-up<\/a>, locked-up value<\/a>, Market Capitalization<\/a>, multichain<\/a>, Neopin Staking<\/a>, pack<\/a>, Poly Network<\/a>, Polygon<\/a>, portal<\/a>, Protocols<\/a>, Rise<\/a>, Rocketpool<\/a>, Smart Contract<\/a>, Stakehound<\/a>, Stakewise<\/a>, Tenderize<\/a>, Thunderpokt<\/a>, tron<\/a>, TVL<\/a>, Value<\/a>, WBTC<\/a><\/div>\n<\/div>\n

What do you think is driving the rise in defi and its TVL? Share your thoughts about this subject in the comments section below.<\/strong><\/em><\/p>\n

\n
\n\n<\/div>\n
\n
\nJamie Redman <\/h6>\n

\nJamie Redman is the News 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 code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

\n
\n
\n<\/a>
\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, defillama.com, <\/em><\/p>\n

\n

Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

\n