On Sunday, April 3, the total value locked (TVL) in decentralized finance (defi) has risen to $231 billion. The TVL is nearing the all-time high (ATH) of $256 billion recorded on December 2, 2021, as it’s only 10.82% under the TVL’s ATH. Additionally, while Curve Finance continues to dominate in terms of TVL, the defi applications Lido and Anchor have moved up the ladder, and they now command the second and third-largest positions.
Value locked in Defi Rises, Lido and Anchor TVLs Climb the ladder
Currently, the Total Value Locked (TVL) in Sunday’s challenge is around $231 billion and Curve Finance leads by 9.20% with its $21.3 billion TVL. Curve is a challenge app that supports nine different blockchain networks and over the past month Curve’s TVL has increased by 19.14%.
For quite some time during the last year, Makerdao was the second-largest defi protocol in terms of TVL but today, that’s not the case anymore. As of April 3, the defi application Lido is the second-largest defi TVL with $20.43 billion.
In fact, Lido’s TVL growth rate indicates that it could overtake Curve Finance in the near future. Over the past month, Lido’s TVL, which supports four different blockchains, has increased by 59.78%.
Then there is Anchor, which now supports two blockchain networks (Terra and Avalanche), and has become the largest defi lending application in the space. In terms of a general defi TVL, Anchor is the third-largest today with $15.83 billion locked. Anchor has also seen a significant jump during the last 30 days, as Anchor’s TVL has spiked 37.45% since then.
According to data from defillama.com, Makerdao is now the fourth largest TVL in challenge this weekend, with around $15.77 billion worth locked. The protocol, Makerdao, recorded a 4.09% increase in TVL over the past month.
Ethereum Dominates by 54%, $21 Billion Locked in Cross-Chain Bridges, Weekly NFT Sales Spike 29% Higher Than Last Week
As far as blockchains are concerned, Ethereum still dominates the TVL in defi with 54.31% or $125.7 billion locked. Terra currently commands $30.45 billion or 13.15% of the $231 billion aggregate, according to today’s defillama.com data. Binance Smart Chain (BSC) captures 5.77% of the TVL in defi this weekend with $13.36 billion in value locked.
Defi’s fourth-largest TVL is held by Avalanche, which commands $10.52 billion locked or 4.54% of the $231 billion total. Finally, the fifth largest blockchain TVL in challenge is Solana with $8.22 billion or 3.55% of the entire TVL in challenge.
According to statistics from Dune Analytics, $21.84 billion is locked in cross-chain bridges to Ethereum. That’s an increase of 6.5% during the last 30 days among 45,893 unique addresses. The top five networks with the largest TVL in cross-chain bridges to Ethereum include Polygon, Avalanche, Arbitrum, Ronin, and Fantom respectively.
In terms of seven-day NFT sales metrics, cryptoslam.io shows that there was a 29.87% increase this week with $728 million in NFT sales across 14 different blockchains.
