{"id":64237,"date":"2022-05-09T09:01:37","date_gmt":"2022-05-09T09:01:37","guid":{"rendered":"https:\/\/www.cryptocabaret.com\/?p=64237"},"modified":"2022-05-09T09:01:37","modified_gmt":"2022-05-09T09:01:37","slug":"value-locked-in-decentralized-finance-slides-17-lower-over-the-last-30-days","status":"publish","type":"post","link":"https:\/\/www.cryptocabaret.com\/?p=64237","title":{"rendered":"Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days"},"content":{"rendered":"<p><img decoding=\"async\" width=\"696\" height=\"392\" src=\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2022\/05\/shutterstock_33022468.jpg\" class=\"attachment-medium_large size-medium_large wp-post-image\" alt=\"Value Locked in Decentralized Finance Slides 17% Lower Over the Last 30 Days\" loading=\"lazy\"><\/p>\n<p><strong>The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today\u2019s $182.27 billion. Moreover, statistics show the total value locked (TVL) across a broad range of defi protocols shed significant value during the last seven days. <\/strong><\/p>\n<h2>Defi Protocols Shed Considerable Value<\/h2>\n<p>Decentralized finance (defi) protocols have lost lots of value during the last month, as 17.77% has been shaved off the TVL in defi since April 8, 2022. The largest defi protocol, in terms of TVL size, Curve Finance, lost 16.55% this past month, while Lido shed 13.28% in value over the 30 day range. Anchor\u2019s TVL is down 10.15%, Makerdao has dipped by 20.48%, and Aave\u2019s TVL has lost 21.12% this past month.<\/p>\n<p>Two protocols saw substantial 30-day TVL gains which include Aave\u2019s version three (v3) and Tron\u2019s Sunswap protocol. During the last 24 hours alone, the TVL in defi has slipped by 6.25% in value, and the largest protocol by TVL today is Curve Finance. As of Sunday afternoon (ET), Curve\u2019s $17.24 billion TVL currently dominates the aggregate by 9.46%.<\/p>\n<p>Ethereum still dominates the defi TVL by 55.59%, as $101.32 billion of the $182.27 billion TVL is held on the <a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/ETH\" target=\"_blank\" rel=\"noopener\">ETH<\/a> chain. Terra is the second largest, in terms of defi TVL, as Terra\u2019s $23.44 billion represents 12.86% of the defi TVL aggregate. Lastly, Binance Smart Chain (BSC) is the third-largest blockchain in defi with 6.37% of the total, which is roughly $11.6 billion today.<\/p>\n<p>In terms of the top smart contract platforms with tokens by market capitalization today, the entire lot is valued at $546 billion. However, the top smart contract tokens have lost 6.1% in collective value during the past 24 hours. Although, tron (<a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/TRX\" target=\"_blank\" rel=\"noopener\">TRX<\/a>) has managed to jump 5.3% higher during the last day.<\/p>\n<p>One of the biggest losers today, in terms of smart contract platform tokens, was counterparty (XCP), as the coin lost 19.4%. Terra (LUNA) was also a big percentage loser, shedding double digits during the last 24 hours, as LUNA lost 11.1% in USD value today. 30 day statistics also show that cross-chain bridge TVLs are also down 21.1%. There\u2019s currently $16.78 billion TVL across a myriad of blockchain bridges.<\/p>\n<p>The top three ranking cross-chain bridge TVLs today include Polygon, Avalanche, and Arbitrum respectively. The top three crypto assets leveraged on cross-chain bridges today include USDC, wrapped ethereum (WETH), and tether (<a class=\"lar-automated-link\" href=\"https:\/\/markets.bitcoin.com\/crypto\/USDT\" target=\"_blank\" rel=\"noopener\">USDT<\/a>). While the entire crypto economy has lost 5.1% in value over the last 24 hours down to $1.65 trillion, it\u2019s likely the value locked in defi will follow.<\/p>\n<p><em><strong>What do you think about the latest decentralized finance market action? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n<p class=\"wpematico_credit\"><small>Powered by <a href=\"http:\/\/www.wpematico.com\" target=\"_blank\" rel=\"noopener\">WPeMatico<\/a><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The value locked in decentralized finance (defi) protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today\u2019s $182.27 billion. Moreover, statistics show the total value locked (TVL) across a broad range of defi protocols shed significant value during the last seven days. Defi Protocols Shed Considerable Value Decentralized finance (defi) [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":64238,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[309],"tags":[],"class_list":["post-64237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/64237","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64237"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/posts\/64237\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=\/wp\/v2\/media\/64238"}],"wp:attachment":[{"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptocabaret.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}