On February 15, the total value locked (TVL) in decentralized finance (defi) platforms is just above the $200 billion range, after a brief dip below this region last week. Of all the TVL in defi today, Ethereum commands 59.22% of that value with 532 defi protocols. Measurements over the past seven days show that a number of relatively unknown defi protocols have attracted significant gains in TVL percentage.
Defi TVL climbs over 3%, $4.5 billion in 24-hour Dex trading volume
Total Value Locked (TVL) in defi today is up ~3.3% over the past 24 hours to $208.45 billion. The defi protocol with the largest TVL is Curve Finance which leads by 9.48% with $19.75 billion.
Curve’s TVL rose 1.22% this week across eight different blockchain networks. Curve TVL is tracked by Makerdao, Aave, Convex Finance, WBTC and Lido respectively.
While Ethereum owns 59.21% of the TVL in challenge today with $123.45 billion, the second largest TVL blockchain in challenge is owned by Terra. The Terra blockchain network has $15.05 billion locked and the defi Anchor protocol commands 55.81% of that value.
Terra is followed by Binance Smart Chain (BSC) with $13.36 billion, Avalanche with $10.8 billion, Fantom with $8.46 billion, and Solana with a total locked value of $8.07 billion.
As of February 15, there are 362 decentralized exchange (dex) platforms with a combined TVL of $70.24 billion that allow people to trade tokens in a decentralized manner.
Today there is $4.5 billion in dex trading volume across the world and in the past 30 days the dex platforms have had 168,095,541 visits. The top dex today is Uniswap v3 followed by Pancakeswap, Serum, Uniswap v2, Spookyswap and Trader Joe.
There are 110 challenge loan applications with $45.62 billion in value locked and 11 cross-chain bridges with $24.34 billion. There are 45 staking apps with $12.88 billion and 295 protocols which provide yield and command a TVL of around $24.02 billion.
A number of relatively unknown Defi protocols see big gains in TVL percentage
The top ten smart contract platforms by market capitalization are all in the green today. Avalanche is the biggest gainer, jumping 14% in the past 24 hours, while the rest have posted percentage gains of between 5.8% and 11.5%.
Relatively unknown challenge platforms have also seen significant percentage gains over the past seven days. Hakuswap’s TVL, for example, is up 11,497% this week. Wigoswap’s TVL jumped by 10,163% and Acumen saw its TVL increase by 5,174%.
These three defi protocols were followed by Cougarswap (2,290%), Dopex (1,990%), Polkex (551%) and Dehive (471%).
What do you think of this week’s action in the world of decentralized finance (defi)? Let us know what you think about this topic in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons, defillama.com,
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