On Saturday, January 15, 2022, the value locked in decentralized finance (defi) protocols across a number of blockchains has increased from $233.95 billion since January 8, to $239.44 billion. Curve’s total value locked (TVL) dominance today is 9.76% with its $23.38 billion TVL. Meanwhile, native assets for the top nine smart contract platforms have seen seven-day gains improving from the week prior’s price slump.
Defi TVL jumps 2.3% this week
According to weekly statistics, today’s major smart contract platform tokens have appreciated in value against the US dollar. The three major tokens, ethereum (ETH) jumped 5.1% last week, binance coin (BNB) jumped 11.4% and solana (SOL) rose 8.7%.
Out of the top nine, the biggest gainers like near (NEAR) increased 31.3% and terra (LUNA) jumped 23.5% this week. Polygon (MATIC) made an impressionable 15.5% jump and polkadot (DOT) increased by 10.3% against the U.S. dollar.
On January 15, the TVL in defi is now 2.34% higher than it was on January 8, when the TVL metric was $233.95 billion. Today there is $239.44 billion and $146.54 billion is held on the Ethereum blockchain. Ethereum’s challenge dominance, in terms of TVL, is 62.63% of the total value locked in decentralized finance on Saturday.
The second-largest TVL belongs to Terra as the network commands $19.01 billion, but that’s only 8.12% of the aggregate TVL in defi. While Terra’s TVL in defi jumped 22.03% this week, it is followed by Binance Smart Chain (BSC) with $15.21 billion.
Meanwhile, Fantom’s TVL jumped higher than Terra’s last week, rising 26.33% to $7.12 billion. Osmosis (OSMO) rose 18.60% this week, reaching $1.36 billion TVL in its defi protocols.
A number of defi chains saw TVL increases this week except for Ethereum, BSC, and HECO. Defi chains that saw TVL increases include Terra, Avalanche, Solana, Fantom, Polygon, Tron, Arbitrum, Cronos, Osmosis, Klaytn, Waves, and Harmony.
Ethereum NFT Sales Dominate, Cross-Chain Bridge TVL Increases 4.6% in 30 Days
In terms of non-fungible token (NFT) sales on the myriad blockchain networks, Ethereum is the most dominant chain. Ethereum NFT sales are followed by NFT sales on networks like Solana, Ronin, Flow, and Wax.
Ethereum’s NFT sales saw a 51.29% increase during the last 24 hours while Tezos NFT sales jumped by 33.16% during the last day. Moreover, the Looksrare NFT marketplace is still seeing a lot more daily volume than Opensea’s 24-hour NFT volume.
In the past day, Looksrare’s volume was $504.37 million while Opensea’s recorded 24-hour volume was $166.09 million. Total value locked (TVL) in cross-chain bridges is $25.03 billion on Saturday, up 4.6% over the past 30 days.
The top five largest TVLs in cross-chain bridges include Polygon ($6.3B), Avalanche ($5.5B), Ronin ($4.9B), Arbitrum ($3.2B), and Fantom ($1.9B).