During the last 125 days or roughly four months, the total value locked (TVL) in decentralized finance (defi) has been range bound within the $50 billion to $65 billion region. The TVL in defi has shed significant value during the past six months as it dropped from $161 billion on April 1, down more than 67% lower to today’s $51.72 billion.
TVL Dropped More Than 67% in 6 Months, Defi Market Action Remains Vapid for 4 Months
Defi action has subsided a great deal in terms of the total value locked during the last six months. On Saturday, October 22, 2022, the TVL in defi is around $51.72 billion, with the collateralized debt position (CDP) protocol Makerdao commanding 14.76% of the entire TVL with $7.64 billion on Saturday morning (ET).
In addition to Makerdao, Lido, Curve, Aave, and Uniswap make up the top five largest TVLs today. The liquid staking protocol Lido is just below Makerdao with a TVL of around $6 billion and $5,839,046,587 of Lido’s TVL is staked ethereum (ETH).
Makerdao recorded a 30-day increase in value as the TVL jumped 4.82% higher last month. Sushiswap saw a notable increase, rising 41.27% during the last 30 days, and the yield protocol Aura jumped 38.70% over the last month.
Out of all the blockchains today, Ethereum is the most dominant in terms of defi TVL with roughly 57% of the entire $51.72 billion locked in defi today. ETH has around $29.56 billion, while the second largest TVL by blockchain, Binance Smart Chain (BSC) has $5.32 billion or 10.33% of the aggregate value locked.
Besides ETH and BSC, Tron, Avalanche, Polygon, and Arbitrum follow behind, respectively, in terms of TVL by blockchain. Today, statistics show there are 607 decentralized exchange (dex) protocols with $21.57 billion locked.
There are 189 lending defi apps with $13.96 billion locked on Saturday and 57 CDP protocols command $10.37 billion. There’s also a total of 45 liquid staking applications that hold $7.91 billion in value today.
The value locked in cross-chain bridge platforms is also down 22% lower during the past 30 days. $7.80 billion is locked on decentralized cross-chain bridge platforms with 13,178 unique…
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