Over the last six days, the total value locked in decentralized finance has dropped 9.21% from a high of $232.88 billion on April 5, to today’s $211.43 billion. The value locked in defi protocols shed 4.40% of that value during the last 24 hours.While the crypto economy has shed billions, the defi landscape has also felt the brunt of the storm. Last week, the TVL in defibut most of that value has been erased since April 5.
Terra’s defi TVL is the second largest with $26.68 billion or 12.62% of the $211.43 billion. The third-largest defi TVL by blockchain is Binance Smart Chain as the network currently commands $13.16 billion or 6.23% of the TVL in defi today. Ethereum’s, Terra’s, and BSC’s TVLs are followed by the TVLs held on Avalanche and Solana, respectively. The top 12 blockchains in terms of TVL are all down in value during the last week, except for the Near blockchain network which is up 22.
Overall, the top smart contract platform coins by market capitalization are all down in value during the last week. 24-hour stats show the $667 billion worth of the top smart contract platform coins is down 8.5%. As far as cross-chain bridges to Ethereum are concerned, there’s $19.9 billion TVL across cross-chain bridges among 40,184 unique addresses. The figure is down 8.8% during the last 30 days.
Source: News Formal (newsformal.com)
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