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Against the background of a decline in the cryptocurrency market there is a drop TVL in all blockchains. TVL (total value locked) shows the amount of blocked or frozen funds on the smart contract of the project or a specific liquidity pool. In simple words, TVL shows how much money is currently invested in this particular project or liquidity pool. The higher the amount of invested funds, the better and safer for a potential investor.
TVL in Ethereum
On the Ethereum blockchain, TVL has dropped from $146.77 billion at the beginning of the year to $70.98 billion at the moment. The drop was more than 51%. The peak of this indicator was at the end of 2021 and amounted to more than $ 150 billion.
The largest projects on the Ethereum blockchain with a total amount of blocked assets of more than $ 40 billion are MakerDAO, Lido, AAVE, Curve, Uniswap, which lost from 18% to 57% of their total blocked asset value over the past month.
The value of ETH has dropped from $3,770 to $2,034 today, or 44%, since the beginning of the year.
TVL in Binance Smart Chain (BSC)
On the Blockchain, Binance TVL has dropped from $15.83 billion at the beginning of the year to $8.67 billion at the moment. The drop was more than 45%. The peak of the indicator was in May 2021 and amounted to more than $ 30 billion.
The largest projects on the BSC blockchain with a total amount of blocked assets of $ 6.1 billion are PancakeSwap, Venus, Alpaca Finance, BISwap, Cream Finance, which lost from 20% to 50% of their total value of blocked assets over the past month.
At the same time, the value of the Blockchain cryptocurrency Binance BNB fell to $ 301 from $ 530 at the beginning of the year, losing 43% during this time.
TVL in Terra
The Terra blockchain saw the most dramatic drop in TVL from $18.45 billion at the start of the year to $240 million to date. The drop was more than 98%. The peak of TVL was in April of this year and amounted to more than $ 30 billion just a month ago. According to the sum of this indicator, the Terra blockchain was confidently ahead of Binance Smart Chain.
The largest projects on the Terra blockchain remain Anchor, Risk Harbor, Astroport, Terraswap, Mars Protocol, which lost more than 90% of their TVL over the past month amid problems that arose in the UST stablecoin and the LUNA cryptocurrency.
The cost of the cryptocurrency of the Terra blockchain LUNA down 100% from a peak of $117 in April this year to $0.00018.
TVL in blockchain projects
The total blocked value of assets in all blockchains has decreased from $ 236 billion at the beginning of the year to $ 111 billion at the moment, losing 53%. The peak of this indicator was in December last year with an indicator of 250 billion US dollars.
The largest decentralized projects with the largest TVL are MakerDAO, Lido, Curve, AAVE, Uniswap with a total amount of funds blocked in them of $ 42 billion. The losses of these projects over the past month ranged from 21% to 57%.
Author: Elvir, Analyst at Freedman Club Crypto News
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