The total value locked (TVL) in decentralized finance (defi) has risen 4% during the first four days of the new year from $245 billion on January 1, to $255.84 billion three days later. While the defi protocol Curve Finance dominates with a TVL of $24.44 billion, Convex Finance is closing in on the dominance with $21.27 billion. Meanwhile, out of several blockchains, Ethereum dominates the defi TVL with 62.91% or $160.96 billion out of the aggregate $255.84 billion locked today.
Defi TVL increases by 4% in the first 4 days of 2022
The money comes back into decentralized finance (challenge) and a number of challenge tokens increase in value. Statistics from defillama.com show that the challenged TVL hit a low of $ 228.13 billion on December 11 and since then its value has jumped 12.14%. As of the first day of 2022, the challenged TVL was $ 245 billion and it has increased 4% so far to reach $ 255.84 billion on Tuesday.
The $255.85 billion is tallied between numerous blockchains like Ethereum, Terra, Binance Smart Chain (BSC), Avalanche, Solana, Fantom, Tron, Cronos, Polygon, Arbitrum, Harmony, Waves, Ronin, Heco, Thorchain, Near, Smartbch, Elrond, and Osmosis.
Ethereum’s TVL on 383 protocols is $ 160.96 billion today, followed by Terra’s $ 19 billion on just 14 challenge protocols. BSC orders $ 16.57 billion Tuesday out of 263 challenge protocols.
While Terra and BSC are the second and third-largest defi TVLs, they only represent 22.09% of the value locked in Ethereum defi protocols today. Terra has seen a 1.98% TVL increase during the last week, but Fantom jumped 28.96% to $6 billion, and Osmosis spiked 40.43% and crossed the $1 billion zone.
The curve dominates with 9.55% of the TVL in Defi, the fuse jumps by 183%, the 7 main networks of smart contracts see the weekly losses
Metrics show Curve controls the biggest challenged TVL today across seven different channels with $ 24.44 billion and 9.55% dominance among the $ 255.84 billion locked in. Curve is followed by Convex ($ 21.27 billion), Makerdao ($ 18.28 billion), Aave ($ 14.62 billion), Lido ($ 12.48 billion), WBTC ($ 12.11 billion) ($ 10.88 billion) and Instadapp ($ 10.88 billion).
Today, the TVL in cross-chain bridges to Ethereum totals $24.67 billion, which represents a 1.5% change in 30 days. The number of unique addresses among the cross-chain bridge TVL in 30 days is 87,855 addresses.
Polygonal Bridges ranks as the largest TVL on Tuesday at $ 6.6 billion, and Ronin has $ 6.1 billion. Next are Avalanche ($ 5.8 billion), Arbitrum ($ 2.8 billion), Fantom ($ 1.4 billion) and Optimism ($ 538 million). The top seven market valuation smart contract blockchain platforms have all fallen in value between 3.2% and 12.5% over the past week. The seven smart contract blockchain platforms include Ethereum, Solana, Cardano, Polkadot, Terra, Avalanche, and Polygon.
Meanwhile, the eighth through tenth-largest smart contract networks Chainlink (+5.3%), Algorand (+3.2%), and Near (+12.6%) have seen seven-day gains. The biggest smart contract network seven-day gainer this week was fuse (FUSE) jumping 183.6% against the U.S. dollar.
Enigma (ENG) grew 48.8% in seven days and velas (VLX) swelled 35.7% this week. Velas Network AG has just joined forces with Italian luxury sports car maker Ferrari. The smart contract platform’s biggest loser this week was the poa network (POA) losing 49.8% in value, followed by cypherium (CPH) losing 37.8% in seven days.
