{"id":19408,"date":"2023-04-02T16:14:01","date_gmt":"2023-04-02T16:14:01","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/value-locked-in-defi-holds-the-line-at-50b-after-temporarily-shedding-8b-in-mid-march-defi-bitcoin-news\/"},"modified":"2023-04-02T16:14:01","modified_gmt":"2023-04-02T16:14:01","slug":"value-locked-in-defi-holds-the-line-at-50b-after-temporarily-shedding-8b-in-mid-march-defi-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/value-locked-in-defi-holds-the-line-at-50b-after-temporarily-shedding-8b-in-mid-march-defi-bitcoin-news\/","title":{"rendered":"Value Locked in Defi Holds the Line at $50B, After Temporarily Shedding $8B in Mid-March \u2013 Defi Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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The total value locked (TVL) in decentralized finance (defi) during the first week of April is about $50 billion, roughly the same as on March 1. The value locked dropped to $42 billion on March 12 but has since rebounded as protocols such as Lido Finance, Aave, and Justlend recorded double-digit monthly gains.<\/strong><\/p>\n

After the March 12 Dip, the Value Locked in Decentralized Finance Rebounds to $50B<\/h2>\n

According to statistics<\/a>, the value locked in defi on April 2, 2023, is $50.22 billion, up 0.91% in the past 24 hours. The protocol Lido Finance commands a TVL of around $10.94 billion as of Sunday. Lido dominates the $50 billion TVL with 21.77%, and the value locked in the protocol saw a 19.75% rise in March.<\/p>\n

Makerdao\u2019s TVL is below Lido\u2019s at $7.7 billion as it rose 9.66% last month. Aave\u2019s TVL increased by 16.94% to the current $5.55 billion. Protocols following Lido, Makerdao, and Aave in TVL size include Curve, Uniswap, Convex Finance, JustLend, PancakeSwap, Coinbase Staked Ethereum, and Instadapp.<\/p>\n

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While Lido jumped over 19% last month, Coinbase Staked Ethereum rose by 22.29%, and Rocketpool, another Ethereum (ETH<\/a>) liquid staking protocol, saw its TVL rise by 18.47%. Other notable risers in terms of TVL in defi protocols include Liquity, up 27.12% over the last 30 days, and Bwatch, which rose 25.78%.<\/p>\n

Of the $50 billion TVL today, 58.6% of the value locked is housed on Ethereum. 10.69% is held on Tron, 10.15% is stored on the Binance Smart Chain (BSC), and 4.4% is kept on Arbitrum. Ethereum\u2019s TVL is $29.39 billion, and Tron\u2019s is currently $5.36 billion.<\/p>\n

Ethereum\u2019s and BSC\u2019s TVLs shrunk in March, but Tron\u2019s rose 2.8% higher, and Arbitrum\u2019s TVL swelled by 13.93%. Notable gainers in March include Mixin (+16.32%), Defichain (+14.84%), and Kava (+18.52%).<\/p>\n

Optimism\u2019s TVL was reduced by 9.68% in March, and Fantom\u2019s slid 8.87% lower. Polygon and Avalanche also saw TVL reductions during the past 30 days. Ethereum has the most defi protocols with 720, while Tron only has 17. BSC has a total of 568 recorded, and Polygon has 399 defi protocols.<\/p>\n

Defillama statistics show that Ethereum-based decentralized exchanges (dexs) have seen $4.54 trillion in cumulative volume. BSC has recorded $1.46 trillion, and Avalanche has seen $215.22 billion to date. Dex volume by chain is almost as high as it was in May 2022.<\/p>\n

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\nTags in this story
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Aave<\/a>, Arbitrum<\/a>, Avalanche<\/a>, Binance Smart Chain<\/a>, Bwatch<\/a>, Coinbase Staked Ethereum<\/a>, convex finance<\/a>, Curve<\/a>, decentralized exchanges<\/a>, decentralized finance<\/a>, DeFi<\/a>, DeFiChain<\/a>, DEX<\/a>, Ethereum Based<\/a>, Fantom<\/a>, Instadapp<\/a>, Justlend<\/a>, Kava<\/a>, Lido Finance<\/a>, liquity<\/a>, makerdao<\/a>, Mixin<\/a>, Optimism<\/a>, Pancakeswap<\/a>, Polygon<\/a>, Rocketpool<\/a>, total value locked<\/a>, tron<\/a>, TVL<\/a>, uniswap<\/a><\/div>\n<\/div>\n

What do you think the future holds for the value locked in decentralized finance? Will we see continued growth, or could there be another dip in the near future? Share your thoughts in the comments below.<\/strong><\/em><\/p>\n

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\n Jamie 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.

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

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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

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