The value locked in decentralized finance protocols has lost 17.77% over the last 30 days, falling from $221.67 billion to today’s $182.27 billion. Moreover, statistics show the total value locked across a broad range of defi protocols shed significant value during the last seven days.Decentralized finance 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.
Total value locked by blockchain, according to defillama.com statistics on May 8, 2022. Ethereum commands by 55.59% with its $101.32 billion locked in defi. 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 has managed to jump 5.3% higher during the last day.
One of the biggest losers today, in terms of smart contract platform tokens, was counterparty , as the coin lost 19.4%. Terra 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’s currently $16.78 billion TVL across a myriad of blockchain bridges.
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 , and tether . While the entire crypto economy has lost 5.1% in value over the last 24 hours down to $1.65 trillion, it’s likely the value locked in defi will follow.
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