DeFi Llama’s total funds trapped in DeFi (TLV) have surpassed $ 200 billion, an all-time high
Chinese news platform 8BTC drew attention to the record value. She wrote about this on October 8 in her twitter.
“According to Defi Llama, TVL in the DeFi industry is $ 208.39 billion. It not only reached a record high, but also surpassed the $ 200 billion mark for the first time.”
TVL is up 825% since the beginning, when only $ 21.4 billion were blocked in DeFi protocols.This amount has grown by $ 90 billion since mid-July.
DappRadar and DeFiPulse report lower TVL scores, but they account for fewer protocols than DeFi Llama.
Read Also: DeFi Protocols Lost $ 1.7 Billion In Five Years – Research
Defi Llama Ranking Leaders
$ 15.87 billion is blocked on the stablecoin staking platform Curve Finance. It is the industry leader in this indicator with a market share of 8%. Several other protocols rely on pools of liquidity and yield from Curve, so a significant portion of this amount can be indirectly derived from them.
The second place is taken by the Aave flash credit platform. Funds in the amount of $ 15 billion are blocked here. In third place is Instadapp, a wallet provider with TVL in the amount of $ 12 billion.
Networks for DeFi projects
Platforms using the Ethereum network clearly dominate, accounting for 72% of total TVL. Binance Smart Chain is the second most popular network in the industry with $ 17.76 billion locked into the DeFi protocol. The most popular DEX powered by Binance Smart Chain is PancakeSwap. $ 5.14 billion is blocked in it.
Solana’s enterprise blockchain platform ranks third among all networks in the DeFi Llama ranking with a TVL of $ 10.7 billion.And the Fantom blockchain has shown a sharp increase in TVL over the past 24 hours, currently $ 9.3 billion is blocked in it.
The market cap of all DeFi tokens is gaining momentum
According to CoinGecko, the market cap of all DeFi tokens is currently $ 131 billion, or about 5.5% of the total. This testifies to the colossal growth of this industry, because in March 2019 the entire crypto market was worth the same.
The LUNA token from e-commerce blockchain platform Terra is the leader among other tokens with a market capitalization of $ 17.8 billion. Over the past 24 hours, it has decreased by 2.8% and is worth $ 44.8. The UNI token from the Uniswap decentralized exchange is the second largest with a market capitalization of $ 13.3 billion. In the last 24 hours, it has traded with little or no spikes in price, the token has increased by only 0.1% and is valued at $ 25.7. Chainlink’s LINK token ranks third in terms of market capitalization ($ 12.3 billion).
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