During the last few weeks, the total value locked (TVL) in decentralized finance (defi) has come awfully close to reaching the $100 billion mark again, but it fell short this week. Today, the value locked across the defi ecosystem is $86.22 billion as the TVL has lost 3.34% during the past 24 hours.
Today’s defi TVL is down 3.34% but the value has been steadily rising since the low of $69 billion recorded in mid-June. The TVL has seen a 24.95% rise since that low in mid-June and the value locked managed to reach $89.84 billion on July 29.
Tron is the third largest today in defi, with $5.78 billion locked, which represents around 6.75% of the TVL in defi. While Makerdao is the largest defi protocol, the application’s TVL rose by 5.91% this past week.
Seven-day statistics show that out of the top ten largest defi protocols in terms of TVL, Instadapp saw a 27.38% increase. The liquid staking defi protocol Lido jumped by 13.63% this past week and Convex Finance saw an 11.18% increase.
All of the top ten defi apps saw TVL gains this week and also saw gains during the past 30 days. Instadapp, which is in the tenth position, saw a 49.14% monthly TVL increase, and Lido’s TVL swelled by 44.50% over the last 30 days.
What do you think about the recent decentralized finance (defi) market action and the cross-chain bridge TVL plummeting? Let us know what you think about this subject in the comments section below.
