As the crypto market recovered from the market downturn last week, the total fixed value for decentralized finance (defi) exceeded the $ 200 billion zone. Many native assets from $ 611 billion worth of smart contract protocols are by far the double-digit profits of Cypherium (CPH), Counterparty (XCP), and Terra (LUNA).
Defi’s TVL bounces over $ 200 billion — Cypherium, Counterparty, Terra Rise
After Russia’s first fall after invading Ukraine three days ago, the crypto market has recovered and rebounds have also pushed up decentralized finances. After falling below $ 200 billion, the decentralized total (TVL) locked across the zone 2009.400 million dollars February 27th.
TVL across all top blockchains hit a low of $ 185.9 billion on January 28, up 10.61% from that date. Sunday’s curve dominance is 8.68%, with a total locked at $ 17.86 billion, while decentralized TVL is down 5.61% from last week.
With respect to decentralized TVL today, Ethereum has an advantage of 55.94% and the current TVL is $ 112.36 billion. Terra is Sunday’s second largest blockchain TVL on decentralized finance, at $ 20.17 billion, 10.04% of decentralized TVL.
Defy’s third largest blockchain TVL is the Binance Smart Chain (BSC), which has a $ 12.13 billion lock. Defillama.com metrics show that Chainlink is today’s largest decentralized oracle, with $ 52.66 billion protecting the locked 138 protocols.
When it comes to smart contract coins, Cipherium (CPH) was the biggest winner this week, up 330%. Smart contract coins are the old-fashioned token counterparty (XCP) in terms of the second biggest profit of the week. Counterparties have skyrocketed at a value 54% higher than the US dollar over the past seven days.
Terra (LUNA) surged 52% last week as Coin is the third largest smart contract token winner this week. At the time of this writing, the total value of native tokens for all existing smart contract platforms was $ 611 billion, down 0.3% the day before.
Currently, there is $ 23.63 billion in TVL across the cross-chain bridge platform, up 16.6% from last week. The number of unique bridge deposit addresses last month was 57,911.
The top five blockchains on Sunday, February 27, Crosschain Bridge TVL include Avalanche, Polygon, Fantom, Ronin, and Arbitrum.In addition, data collected by Coin98 Analytics from Santiment Shows Solana has the most active number of developers as of February 19, 2022. The number of developers for Solana is followed by Ethereum, Cardano, Polkadot, Cosmos and Terra.
What do you think of this week’s decentralized finance action? Please let us know what you think about this subject in the comments section below.
Image credit: Shutterstock, Aliexpress, Wiki Commons, Coin98 Analytics, Defillama.com, Santiment,
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