Monday, March 27, 2023
No Result
View All Result
Blockchain Daily Report
Advertisement
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • SCAM ALERT
  • REGULATIONS
  • ANALYSIS
Crypto Marketcap
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • SCAM ALERT
  • REGULATIONS
  • ANALYSIS
Crypto Marketcap
Logo
No Result
View All Result
Home DeFi

Value Locked in Defi at Its Lowest Point Since March 2021, Smart Contract Tokens Shed $22 Billion in 36 Days – Bitcoin News

by Blockchain Daily Report
December 4, 2022
in DeFi
Reading Time: 5 mins read
A A
0
Value Locked in Defi at Its Lowest Point Since March 2021, Smart Contract Tokens Shed $22 Billion in 36 Days – Bitcoin News
Share on FacebookShare on Twitter


Good contract platform tokens and decentralized finance (defi) protocols have taken a beating for the reason that FTX collapse final week. The market capitalization of all of the sensible contract platform tokens in existence misplaced greater than $22 billion over the past 36 days. The overall worth locked (TVL) in defi protocols has dropped to $43 billion, the bottom defi TVL for the reason that first week of March 2021.

Good Contract Tokens and Defi Protocols See Important Worth Reductions Since FTX’s Collapse

Decentralized finance and sensible contract platform tokens have suffered an ideal deal over the past week, following the FTX fallout. At the moment, sensible contract platform tokens are a lot decrease in worth, as a lot of cash shed 8% to over 20% over the past seven days.

Value Locked in Defi at Its Lowest Point Since March 2021, Smart Contract Tokens Shed $22 Billion in 36 Days
Solana misplaced greater than 41% towards the U.S. greenback over the past seven days.

Solana’s sensible contract token SOL, alternatively, misplaced 41% towards the U.S. greenback throughout the previous week. Out of the highest ten sensible contract platform tokens, SOL was the largest loser over the past week.

Value Locked in Defi at Its Lowest Point Since March 2021, Smart Contract Tokens Shed $22 Billion in 36 Days
Since Oct. 11, 2022, the sensible contract token economic system has misplaced $22 billion because it slid from $283 billion to in the present day’s $261 billion.

Two tokens that noticed vital losses much like SOL’s embrace phantasma (SOUL) down 35.6% and velas (VLX) down 29.6% this week. Two sensible contract tokens that gained this week embrace qanplatform (QAN) up 368.5% and secret (SCT), which gained 29% towards the U.S. greenback.

Since Oct. 11, 2022, or 36 days in the past, $22 billion has left the sensible contract token economic system, because the market cap has dropped from $283 billion to in the present day’s $261 billion. In regard to defi platforms, a large amount of worth has left the highest defi protocols throughout the previous week as nicely.

The overall worth locked (TVL) in defi is on the lowest level since March 2021. On the time of writing on Nov. 16, 2022, the TVL in defi is $43.24 billion. Ethereum’s defi dominance represents 57.63% of the $43.24 billion mixture with $24.92 billion complete worth locked on the blockchain’s defi protocols.

Value Locked in Defi at Its Lowest Point Since March 2021, Smart Contract Tokens Shed $22 Billion in 36 Days
The overall worth locked (TVL) in decentralized finance (defi) protocols has dropped to the bottom level since March 2021.

The second-largest blockchain when it comes to defi TVL is the Binance Good Chain (BSC) with $4.83 billion in worth locked. Tron is in third place with 10.11% of the combination $43.24 billion or roughly $4.33 billion in worth locked on Nov. 16.

Makerdao is the biggest defi protocol in the present day when it comes to TVL in defi protocols, because it dominates by 15.47% on Wednesday. Makerdao has a $6.69 billion TVL in the present day which is adopted by the liquid staking protocol Lido.

The defi software Lido instructions $5.92 billion in worth locked on Wednesday. Makerdao’s TVL shed 13.87% throughout the previous 30 days, whereas Lido shed 0.90% this previous month. Weekly stats present Makerdao misplaced 4.70% this previous week and Lido misplaced 2.54% over the past seven days.

In addition to Makerdao and Lido, this week’s high defi protocols embrace Aave, Uniswap, Curve, Justlend, and Pancakeswap. Cross-chain bridges over the past day have seen $141.87 million in quantity, and over the past seven days, bridges moved $1.93 billion.

The highest chains when it comes to quantity are Ethereum, Fantom, Arbitrum, Avalanche, Gnosis, and Celo. All the cross-chain bridge protocols have seen an infinite quantity of withdrawals throughout the previous seven days following FTX’s collapse.

Tags on this story

Belongings, Avalanche, Binance Good Chain, Cross-chain Bridges, crypto property, decentralized finance, DeFi, Defi protocols, Defi TVL, Ethereum, Fantom, Lido, makerdao, phantasma (SOUL), qanplatform (QAN), secret (SCT), Good Contract Tokens, Good Contracts, Solana, token economic system, complete worth locked, tron, velas (VLX)

What do you consider the state of decentralized finance protocols and the $22 billion sensible contract tokens misplaced in 36 days? Tell us what you consider this topic within the feedback part under.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist residing in Florida. Redman has been an lively member of the cryptocurrency group since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information concerning the disruptive protocols rising in the present day.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, instantly or not directly, for any injury or loss induced or alleged to be brought on by or in reference to the usage of or reliance on any content material, items or companies talked about on this article.

Extra Fashionable Information

In Case You Missed It



Source link

Tags: billionBitcoinContractDaysDefiLockedLowestMarchNewsPointShedSmartTokens
Share76Tweet47

Related Posts

Klarna Taps ChatGPT to Personalize Shopping

Klarna Taps ChatGPT to Personalize Shopping

by Blockchain Daily Report
March 24, 2023
0

Klarna partnered with OpenAI to supply ChatGPT customers curated product suggestions. When customers obtain the Klarna plug-in, they'll be capable...

Finovate Global Indonesia: Kredivo Raises $270 Million; Broom Scores $10 Million in Pre-Series A Funding

Finovate Global Indonesia: Kredivo Raises $270 Million; Broom Scores $10 Million in Pre-Series A Funding

by Blockchain Daily Report
March 25, 2023
0

Kredivo Holdings has raised $270 million in Collection D funding. The spherical was led by Japan’s Mizuho Financial institution. Sq....

FinovateEurope 2023 in Pictures – Finovate

FinovateEurope 2023 in Pictures – Finovate

by Blockchain Daily Report
March 24, 2023
0

Whether or not you attended FinovateEurope final week or had been taking all of it in by way of Twitter,...

Mangopay Acquires Payment Orchestrator WhenThen

Mangopay Acquires Payment Orchestrator WhenThen

by Blockchain Daily Report
March 26, 2023
0

Mangopay acquired Whenthen for an undisclosed quantity. The acquisition comes 4 months after Mangopay purchased fraud detection and prevention firm...

Earned Wage Access Firm Rain Secures $116 Million

Earned Wage Access Firm Rain Secures $116 Million

by Blockchain Daily Report
March 26, 2023
0

Earned wage entry platform Rain has raised $116 million in Sequence A funding. The spherical consisted of $66 million in...

Load More
  • Trending
  • Comments
  • Latest
Mine CLORE Coins Used by the CLORE.AI Distributed Computing Platform

Mine CLORE Coins Used by the CLORE.AI Distributed Computing Platform

January 23, 2023
WildRig Multi 0.36.4 beta Now With Faster NEXA Performance and Lower Fee

WildRig Multi 0.36.4 beta Now With Faster NEXA Performance and Lower Fee

January 23, 2023
These Are The Key Takeaways From Shibarium Docs

These Are The Key Takeaways From Shibarium Docs

March 27, 2023
The Crypto Momentum of Traditional Brokers

The Crypto Momentum of Traditional Brokers

March 27, 2023
The 100 most popular art museums in the world—who has recovered and who is still struggling?

The 100 most popular art museums in the world—who has recovered and who is still struggling?

March 27, 2023
A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking – Economics Bitcoin News

A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking – Economics Bitcoin News

March 27, 2023
ARK Invest Scoops Up Coinbase, Block Shares for Second Straight Day

ARK Invest Scoops Up Coinbase, Block Shares for Second Straight Day

March 27, 2023
US Lawmaker Introduces Bill to Affirm Blockchain Developers and Non-Custodial Services Are Not Money Transmitters – Regulation Bitcoin News

US Lawmaker Introduces Bill to Affirm Blockchain Developers and Non-Custodial Services Are Not Money Transmitters – Regulation Bitcoin News

March 27, 2023
Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro – Bitcoin News

Terra Co-Founder Do Kwon Plans to Appeal Detention Extension After Arrest in Montenegro – Bitcoin News

March 26, 2023
Animoca Brands refutes claims of scaling back metaverse fund target and plummeting valuation

Animoca Brands refutes claims of scaling back metaverse fund target and plummeting valuation

March 26, 2023
Facebook Twitter Instagram Youtube RSS

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Blockchain Daily Report.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 Blockchain Daily Report.
Blockchain Daily Report is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • SCAM ALERT
  • REGULATIONS
  • ANALYSIS

Copyright © 2022 Blockchain Daily Report.
Blockchain Daily Report is not responsible for the content of external sites.

  • bitcoinBitcoin(BTC)$27,959.000.49%
  • ethereumEthereum(ETH)$1,765.66-0.81%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.00-0.41%
  • binancecoinBNB(BNB)$328.770.16%
  • usd-coinUSD Coin(USDC)$1.00-0.35%
  • rippleXRP(XRP)$0.4700471.62%
  • cardanoCardano(ADA)$0.352464-2.02%
  • staked-etherLido Staked Ether(STETH)$1,768.88-0.84%
  • dogecoinDogecoin(DOGE)$0.073888-1.79%