Decentralized Finance (DeFi) has suffered due to FTX failures as Total Value Locked (TVL) in DeFi has dropped by 25.5% in value within 37 days to an estimated $41.67 billion in the last 24 hours In tv-l a decline of 1.63% has been recorded. Where DeFi protocol MakerDAO controls the largest TVL today with $6.26 billion and is known to have a rating of 15.02% against the TVL standings of the rest DeFi protocols where the metrics show that during the last month, MakerDAO’s TVL decreased to 8.41% and thereafter, DeFi protocols in terms of TVL size include Lido, Aave, Curve, Uniswap, Convex Finance, JustLend, Pancakeswap, Compound Finance and InstaDap, respectively. Out of the top 10, Aave took 30 days The biggest monthly loss has been recorded after a fall of 15.18% in the value of Rs. Certainly on the other hand, the TVL metrics of Convex Finance have registered a growth of 43.87% during the last month and Ethereum holds the highest value across all block stages with $23.98 billion that is basically 57.55% of the total value DeFi today I am closed.
where Binance Smart Chain has the second largest tv-l as of December 12 with an estimated $4.99 billion or 12.04% of the base. In terms of TVL size, Ethereum and BSC, we can say that when it comes to blockchain networks, it includes the best of the best, including blockchain networks Tron, Arbitrum, Polygon, Avalanche, Optimism, Fantom, Cronos, and Solana. If we talk then on 12th December all cross chain bridges have recorded an estimated $810.67 million and smart contract platform token settlement is $261 billion today while it settled up to 2.3% during the last 24 hours and we can say that the last In a span of 62 hours it fell 7.77% against the dollar, from $283 billion to today’s $261 billion on smart contract platforms from October 11, 2022 and of course, the largest smart contract crypto asset, Ethereum ( ETH ), has lost 1.5% in the last 24 hours. It was down 1.6% against the greenback during hours. Where of course the numbers here suggest that DeFi needs to be presented to investors in the simplest possible way and that it still has to work hard to recover from all its losses and of course that’s why it’s important Because investors can benefit from the same if it performs well against other cryptocurrencies.
