After taking advantage of the 2022 low of $ 70 billion on June 19, decentralized finance (defi) locked total (TVL) increased by more than $ 7 billion. Over the last seven days, decentralized TVL held within the Ethereum blockchain has increased by 4.47%, as Ethereum’s TVL has a 62.92% advantage, accounting for $ 48.17 billion of today’s $ 77.11 billion. Meanwhile, Tron’s TVL has skyrocketed this week, surged 34.85% over the past seven days.
Tron’s TVL soared in double digits last week, smart contract tokens soared, and Dex applications leading today’s top Defi TVL position
Last week, TVL statistics increased by double digits in six of the top 10 decentralized blockchains. Ethereum increased by 4.47%, BSC increased by 7.02%, Tron increased by 34.85%, Avalanche increased by 2.81%, Solana increased by 9.10%, and Kronos increased by 2.33%.
On Thursday, July 7, 2022, a defy of about $ 77.11 billion was locked, and its metric has increased by 1.40% in the last 24 hours. The largest decentralized protocol TVL is Makerdao’s $ 7.54 billion, or about 9.78% dominance rating.
Macerdao’s TVL dominance is followed by protocols such as Aave, WBTC, Curve, Uniswap, Lido, Convex Finance, Pancakeswap, Justlend, and Compound, respectively. McEldao saw a 1.56% increase last week, but the biggest increase in the top 10 was Tron’s Justlend, which surged 90.15% last week.
Tron’s Justlend has locked $ 2.79 billion, and at the time of writing, USDD’s supply deposits have an annual interest rate (APY) of 12.83% and borrowing APY is 21.76%.
In terms of losses, blockchain Fantom was the biggest loser on the top 10 list as 6.7% left the chain’s TVL and Arbitrum’s TVL fell 11.01% this week.
Of today’s $ 77.11 billion, 481 decentralized exchange (dex) applications have locked a total of $ 24.67 billion, 155 decentralized lenders have won $ 17.55 billion, and 22 decentralized bridge applications are now 11.31 million. Locking $ 10,000.
In addition to the rise in decentralized TVL on various blockchains, top smart contract platform tokens have increased 5.6% over the last 24 hours to $ 272 billion. Last week, Ethereum (ETH) Increased by 11.3%, BNB Cardano (Cardano) jumped 10% higherADA) Increased 1.6%, solana (SOL) increased 13.3%, and Polkadot increased 2%.
Last week’s largest smart contract token winners were counterparties (XCP), which surged 25.3% over the past seven days, Komodo (KMD), which increased 25%, and ubiq (UBQ), which increased 19.3%.
Cross-chain bridge TVL totals have fallen 60.4% in the last 30 days, and Polygon’s bridge is the largest with $ 3.55 billion TVL. Polygon’s Bridge TVL is followed by Arbitrum, Avalanche, Optimism and Near Rainbow.
This week, the worst TVL losses in decentralized finance are due to protocols such as Piggbank DAO, Metavault DAO, Houses of Rome, Jade Protocol and Risk Harbor. The largest increase in decentralized TVL protocol over the last 7 days was recorded by Hermes Defi, Maple, Omni Protocol, OGX, and Strategyx Finance.
What do you think about the decentralized finance situation today and the $ 7 billion swelling of TVL? Please let us know what you think about this subject in the comments section below.
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