Crypto Market Slides as Total Value Locked in Defi Falls Below $50 Billion Mark – Defi Bitcoin News

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The total value locked (TVL) in decentralized finance DeFi has slipped below the $50 billion mark to $49 billion.

The value of the crypto market has started to slide again after a bullish run-up over the last seven weeks. The total value locked in decentralized finance has slipped below the $50 billion mark to $49.8 billion. The TVL in defi has fallen by 2.24% over the last 24 hours. During that same timeframe, the top smart contract token economy lost 3.7% against the U.S. dollar.are down this weekend, affecting the values of smart contract tokens and the total value locked in defi.

Makerdao, Curve, Aave, Convex Finance, Uniswap, Justlend, Pancakeswap, Instadapp, and Compound Finance follow Lido in order. Besides Lido’s 8.43% rise, Uniswap had the second-largest 30-day increase with 6.43%.As of Feb. 25, 2023, Ethereum has the largest TVL out of all the blockchains, dominating by 58.45%. Tron follows with 10.64%, Binance Smart Chain with 10.01%, Arbitrum with 3.89%, and Polygon with 2.36%. All five of these blockchains capture 85.

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