Defi Market Holds Steady at $49.31 Billion TVL, Lido Finance Leads the Pack With 24.82% Share – Defi Bitcoin News

  • 📰 BTCTN
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Since April 18, 2023, the total value locked (TVL) in DeFi has been fluctuating just below the $50 billion threshold.

TVL in Defi Shows Signs of Improvement, Yet to Surpass Previous Record of $53 Billionas of May 6, 2023, with Lido Finance leading the pack by commanding a 24.82% share of $12.24 billion on Saturday. Over the past month, Lido’s TVL has grown by 9%, while posting a moderate 2.42% increase in the preceding week.

The remaining top five candidates in today’s defi landscape include Makerdao, Aave, Curve Finance, and Uniswap; three out of these four experienced monthly downturns, with Uniswap being the exception by posting a 3.48% gain over the past 30 days.Ethereum takes the lion’s share of this TVL with itsaccounting for over 58% of the defi market cap. Following Ethereum are other contenders such as Tron, BSC, Arbitrum, and Polygon who boast relatively large TVL statistics.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 531. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Liquid staking solutions now have more TVL than DEXs: Finance RedefinedDeFi TVL rose above $50 billion again due to the rise in the price of many top 100 DeFi tokens that grew along with the broader crypto market.
Source: Cointelegraph - 🏆 562. / 51 Read more »