The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. Moreover, statistics show the total value locked (TVL) across a broad range of defi protocols shed significant value during the last seven days.
Decentralized finance (defi) protocols have lost lots of value during the last month, as 17.77% has been shaved off the TVL in defi since April 8, 2022. The largest defi protocol, in terms of TVL size, Curve Finance, lost 16.55% this past month, while Lido shed 13.28% in value over the 30 day range. Anchor’s TVL is down 10.15%, Makerdao has dipped by 20.48%, and Aave’s TVL has lost 21.12% this past month.
Two protocols saw substantial 30-day TVL gains which include Aave’s version three (v3) and Tron’s Sunswap protocol. During the last 24 hours alone, the TVL in defi has slipped by 6.25% in value, and the largest protocol by TVL today is Curve Finance. As of Sunday afternoon (ET), Curve’s $17.24 billion TVL currently dominates the aggregate by 9.46%.
Ethereum still dominates the defi TVL by 55.59%, as $101.32 billion of the $182.27 billion TVL is held on the ETH chain. Terra is the second largest, in terms of defi TVL, as Terra’s $23.44 billion represents 12.86% of the defi TVL aggregate. Lastly, Binance Smart Chain (BSC) is the third-largest blockchain in defi with 6.37% of the total, which is roughly $11.6 billion today.
In terms of the top smart contract platforms with tokens by market capitalization today, the entire lot is valued at $546 billion. However, the top smart contract tokens have lost 6.1% in collective value during the past 24 hours. Although, tron (TRX) has managed to jump 5.3% higher during the last day.
One of the biggest losers today, in terms of smart contract platform tokens, was counterparty (XCP), as the coin lost 19.4%. Terra (LUNA) was also a big percentage loser, shedding double digits during the last 24 hours, as LUNA lost 11.1% in USD value today. 30 day statistics also show that cross-chain bridge TVLs are also down 21.1%. There’s currently $16.78 billion TVL across a myriad of blockchain bridges.
The top three ranking cross-chain bridge TVLs today include Polygon, Avalanche, and Arbitrum respectively. The top three crypto assets leveraged on cross-chain bridges today include USDC, wrapped ethereum (WETH), and tether (USDT). While the entire crypto economy has lost 5.1% in value over the last 24 hours down to $1.65 trillion, it’s likely the value locked in defi will follow.