• bitcoinBitcoin(BTC)$20,291.001.91%
  • ethereumEthereum(ETH)$1,356.080.68%
  • tetherTether(USDT)$1.000.27%
  • binancecoinBNB(BNB)$295.261.75%
  • usd-coinUSD Coin(USDC)$1.000.21%
  • rippleXRP(XRP)$0.4840114.74%
  • binance-usdBinance USD(BUSD)$1.000.12%
  • cardanoCardano(ADA)$0.4332950.08%
  • solanaSolana(SOL)$34.221.58%
  • dogecoinDogecoin(DOGE)$0.0652147.55%
Monday, January 30, 2023
Subscribe To Newsletter
Crypto News Bay
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • METAVERSE
  • WEB3
  • DEFI
  • ANALYSIS
  • SCAM ALERT
  • REGULATIONS
Crypto Market Cap
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • METAVERSE
  • WEB3
  • DEFI
  • ANALYSIS
  • SCAM ALERT
  • REGULATIONS
No Result
View All Result
Crypto News Bay
No Result
View All Result
Home Decentralized Finance

Extra Than 80% of the Funds Locked in Decentralized Finance Are Saved on 5 Chains, 21 Completely different Defi Protocols – Defi Bitcoin Information

by Crypto News Bay
April 3, 2022
in Decentralized Finance
Reading Time: 5 mins read
A A
0
Share on FacebookShare on Twitter


In mid-March, the highest 5 blockchains — when it comes to whole worth locked (TVL) in decentralized finance (defi) — presently command greater than 82% of the $198 billion TVL in defi throughout all blockchains. Every of those chains gives various kinds of defi protocols like decentralized trade (dex) platforms and lending functions, permitting folks to designate their funds in numerous methods.

5 Blockchain Networks, 21 Defi Protocols

Right now, there’s slightly below $200 billion in defi and that’s simply the full worth locked (TVL), because it doesn’t embody the big amount of tokens tied to those particular protocols. Proper now, 5 completely different blockchain TVLs characterize 82% of the $198 billion locked in defi protocols. The chains embody Ethereum, Terra, Binance Sensible Chain, Avalanche, and Solana.

Ethereum

Ethereum presently holds the biggest TVL with $108.51 billion or 54.59% of the worth locked in defi protocols. On March 14, the highest decentralized trade (dex) platform tied to Ethereum is Curve Finance, with its $17.72 billion in TVL. Ethereum’s prime collateralized debt place (CDP) software is Makerdao, which is slightly below Curve because the second-largest TVL in defi at present.

When it comes to liquid staking, Lido is the highest defi protocol and Convex Finance is Ethereum’s prime protocol for yield. Lastly, Ethereum’s largest lending protocol is the defi software Aave, with its $11.35 billion TVL.

Terra

The second-largest chain when it comes to TVL in defi is Terra, with $25.79 billion or 12.98% of the combination TVL. Terra’s hottest dex is Astroport, and Lido is the biggest when it comes to liquid staking. When it comes to yield, Pylon Protocol is Terra’s hottest product with the very best TVL.

Presently, there isn’t a CDP software for Terra however the blockchain’s largest lending software is Anchor with $13.03 billion whole worth locked. The defi lending protocol Anchor has seen a 63.23% TVL improve over the past 30 days.

Binance Sensible Chain

The Binance Sensible Chain (BSC/BNB) is the third-largest blockchain at present when it comes to defi TVL with $11.73 billion or 5.9% of the combination held in defi. The highest dex on BSC is Pancakeswap, and the biggest CDP software is the Mars Ecosystem.

There’s no liquid staking through BSC however when it comes to yield, Alpaca Finance is the biggest on the community. Relating to defi lending, the biggest protocol when it comes to worth locked on BSC is Venus.

Avalanche

Avalanche holds the fourth-largest place in decentralized finance this week with $10.88 billion or 5.47% of the $198 billion locked in defi protocols. Right now’s prime Avalanche dex software is Dealer Joe and the blockchain’s hottest CDP is Defrost.

When it comes to yield, the protocol Yield Yak is the chief on Avalanche, and Benqi holds the highest liquid staking place. Like Ethereum, Aave is the largest lending protocol on Avalanche on the time of writing.

Solana

Lastly, Solana is the fifth-largest defi blockchain in mid-March 2022 with a $6.69 billion TVL or 3.37% of the combination held in defi at present. Solana’s prime dex is Serum and the blockchain’s CDP chief is Parrot Protocol.

Marinade Finance leads Solana’s liquid staking apps and Quarry is the main protocol when it comes to yield. The biggest lending software on Solana this week is Solend with $575.3 million locked.

In addition to the High 5 Chains, There Are Nonetheless Dozens of Networks and 862 Lending, CDP, Yield, Liquid Staking, and Dex Functions to Select From

Whereas the 5 completely different blockchains and the handfuls of aforementioned protocols is the place a lot of the cash is in defi at present, there’s a big assortment of different blockchains and functions out there. On the time of writing, there are 384 dex functions that enable folks to swap cash and there are 125 lending defi protocols that enable folks to borrow and lend crypto. 328 defi apps supply some form of yield and there are 16 completely different liquid staking apps. Moreover, there’s a minimum of 30 completely different CDP protocols that concern stablecoin property through collateralized backing.

Tags on this story
Aave, Alpaca Finance, Anchor, Astroport, Avalanche, AVAX, BENQI, Binance Sensible Chain, bnb, CDP, convex finance, Curve, decentralized finance, Decentralized finance (Defi), DeFi, Defrost, Dex Functions, ETH, Ethereum, lending, Lido, Liquid Staking, LUNA, makerdao, Marinade Finance, Mars, Pancakeswap, Parrot Protocol, Pylon Protocol, Quarry, Serum, SOL, Solana, Terra, whole worth locked, TVL, Venus, Yield, Yield Yak

What do you concentrate on the highest 5 blockchains providing completely different functions for dex platforms, CDPs, liquid staking, yield, and lending? Tell us your ideas about this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com Information concerning the disruptive protocols rising at present.




Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the writer is accountable, immediately or not directly, for any harm or loss induced or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or providers talked about on this article.

Extra Standard Information

In Case You Missed It





Source link

Tags: BitcoinBitcoin NewsBitcoin price analysisChainsCrypto NewsCrypto News BayDecentralizedDeFiFinanceFundsLatest crypto updateslockedNewsNFT newsProtocols
Share76Tweet47

Related Posts

Finovate International Africa: Revolutionizing Funds and Selling Inclusion with Paga’s Tayo Oviosu

by Crypto News Bay
January 28, 2023
0

This week on Finovate International, we characteristic an prolonged dialog with Paga founder and CEO Tayo Oviosu. Serving greater than...

OneSpan to Purchase Doc Storage Firm ProvenDB

by Crypto News Bay
January 29, 2023
0

OneSpan is buying blockchain-based doc storage firm ProvenDB.The acquisition will assist OneSpan add doc storage to its present product choices.Phrases...

CX on the Core of Digital Transformation within the Banking, Monetary Providers, and Insurance coverage Providers Market

by Crypto News Bay
January 27, 2023
0

Frost & Sullivan is a growth-focused analysis and consulting firm that gives a wealth of experience throughout greater than 10...

Higher Launches One Day Mortgage

by Crypto News Bay
January 27, 2023
0

Digital mortgage lending firm Higher launched a brand new product, One Day Mortgage, that provides debtors a mortgage dedication letter...

PayNearMe’s Jill Bohlken on the Unpredictable Lending Atmosphere

by Crypto News Bay
January 29, 2023
0

Lenders have at all times confronted some degree of uncertainty, however the previous few years have actually put the trade...

Load More
  • Trending
  • Comments
  • Latest

XRP Ledger Modification Goes Stay, With out Ripple’s Approval

January 23, 2023

Filecoin lifting off

January 18, 2023

Why the Protection Inventory Sector is on the Rise | by Zoharks | The Capital | Jan, 2023

January 6, 2023

Most Necessary Options of Crypto Pockets

January 7, 2023

XR Predictions for 2023: Enterprise XR will Increase 💥

January 12, 2023

The perfect (and worst) tales from 3 years of Cointelegraph Journal – Cointelegraph Journal

January 3, 2023

Alfred Leslie, rising star of Summary Expressionism who embraced figuration, has died, aged 95

January 30, 2023

MATIC Retreats From 12-Week Excessive on Monday – Market Updates Bitcoin Information

January 30, 2023

Will Meta Lay Off Extra Staff in February?

January 30, 2023

Netflix, Binance, the Wall Road Journal, and submitting reveals are all owed cash by FTX

January 30, 2023

Ethereum Traditional’s Hashrate and Value Pattern Decrease After Ethereum PoW to PoS Transition – Altcoins Bitcoin Information

January 30, 2023

Reddit – Dive into something

January 30, 2023
Facebook Twitter LinkedIn Tumblr RSS
Crypto News Bay

Find the latest Bitcoin, Trending Crypto Updates, Altcoins, Blockchain, NFTs, Crypto Regulations, Interviews, Price Analysis, and more at Crypto News Bay

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • Decentralized Finance
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Crypto News Bay.
Crypto News Bay is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • METAVERSE
  • WEB3
  • DEFI
  • ANALYSIS
  • SCAM ALERT
  • REGULATIONS

Copyright © 2022 - Crypto News Bay.
Crypto News Bay is not responsible for the content of external sites.