• Total value locked (TVL) in decentralized finance (defi) has surpassed the $50 billion mark for the first time since FTX collapse.
• Ethereum is dominant with over 60% of TVL, while Tron and Binance Smart Chain battle for second place.
• The largest protocols and exchanges in terms of TVL include Lido, Makerdao, Curve, Aave, Uniswap, and more.
Crypto Prices Surge: Total Value Locked in Defi Surpasses $50 Billion
Total Value Locked Reaches All-Time High Since FTX Collapse
Crypto prices have surged in value over the past few days, pushing the total value locked (TVL) in decentralized finance (defi) to a new all-time high of $51.1 billion – surpassing the $50 billion mark for the first time since the collapse of FTX back on Nov 8th 2022.
Ethereum Dominates with Over 60% of TVL
The entire cryptocurrency market has seen an increase of 5% against the U.S dollar over the past 24 hours. During this same period Ethereum increased by 6.5%, BNB rose by 4.2%, Cardano increased by 2.4%, Polygon rose by 8.3%, Solana saw a 3.9% increase and Polkadot rose by 3.6%. As a result of these increases Ethereum now holds more than 60% ($30.98 billion) of total value locked into defi across all blockchains – making it easily the most popular platform when it comes to staking funds in projects such as MakerDAO and Aave lending protocols etc.. Tron is currently placed second with 10.39%, with Binance Smart Chain still battling it out for third place at 9.57%.
Top Protocols & Exchange Platforms By TVL
The top protocols according to TVL are Lido capturing 17