The total value locked (TVL) in decentralized finance (defi) has jumped back above the $200 billion range, hovering around $216.49 billion on Saturday morning (EST). The TVL in defi has increased 13.60% since tapping a low of $190.57 billion 13 days ago on January 23. The decentralized exchange (dex) Curve’s $19.41 billion TVL dominates the total value locked by 8.84%
Ethereum’s Defi TVL Dominates 61%, Rising 10% Over Last Week, Cross-Chain Bridge Value Jumps 16.2% in 30 Days
Value locked in decentralized finance (defi) has risen since the January 23 low, dropping $10 billion below the $200 billion mark. Today TVL is 13.60% higher as the locked value has increased a lot in the past few days.
The protocol Uniswap’s TVL jumped 9.44% during the last seven days, Balancer increased by 9.25%, and this week Makerdao’s TVL swelled by 9.10%. Furthermore, smart contract platforms, in terms of market capitalization have increased their overall value to $674 billion up 8.3% in the last 24 hours.
Ethereum (ETH), the top smart contract platform, has seen its value increase by 18.5% in the last seven days. Binance coin (BNB) jumped 8.8% this week and the value of Cardano (ADA) rose 9.3%.
At the same time, solana (SOL), polkadot (DOT), terra (LUNA), and avalanche (AVAX) saw double-digit weekly gains. SOL climbed the highest this past week, jumping 25.6% against the U.S. dollar.
In terms of blockchain defi TVL, Ethereum still dominates the roost with 516 defi protocols and a total value of $135.78 locked today. ETH’s TVL represents 61.41% of the entire $216.49 billion locked in challenge. The second largest challenge chain is Terra with the network’s 17 challenge apps worth $14.67 billion today.
While Ethereum saw a seven-day change by increasing its TVL by 10%, Terra’s defi TVL jumped 7.49%. Avalanche (AVAX) saw one of the largest jumps this week in the top ten TVLs by chain with a 19.38% increase to $10.08 billion.
Inter-channel bridge TVLs have increased by 16.2% over the past month and today, $25.11 billion is locked up on various bridges. While Polygon’s decks lead the pack with a TVL of $5.59 billion, Avalanche locked in $5.53 billion on Saturday.
Wrapped ethereum (WETH), ethereum (ETH), and USDC are the most leveraged crypto assets on cross-chain bridges this weekend.