On December 12, 2022, total value locked (TVL) in decentralized finance (defi) fell 25.5% from $55.94 billion on November 5 to $41.67 billion la.
Decentralized finance (defi) has suffered a lot from the failure of FTX as the total value locked (TVL) in defi has lost 25.5% of its value in 37 days.
At the time of writing, TVL is estimated at $41.67 billion and has fallen 1.63% in the last 24 hours.
The defi protocol Makerdao has the largest TVL right now with $6.26 billion in locked value and a dominance rate of 15.02%.
Defillama.com figures show that in the last month, Makerdao’s TVL fell 8.41%.
Following Makerdao, the top defi protocols for TVL include Lido, Aave, Curve, Uniswap, Convex Finance, Justlend, Pancakeswap, Compound Finance and Instadapp respectively.
Among the top 10, Aave saw the biggest monthly drop after losing 15.18% in value in 30 days.
On the other hand, Convex Finance ‘s TVL figures have increased by 43.87% in the last month. Ethereum holds the highest locked value among all blockchains with $23.98 billion, or 57.55% of the total locked value.
Binance Smart Chain (BSC) has the second largest TVL, with an estimated $4.99 billion or 12.04% of the total.
In terms of TVL size, following Ethereum and BSC are Tron, Arbitrum, Polygon, Avalanche, Optimism, Fantom, Cronos, and Solana.Total seven-day trading volume, across all
inter-chain bridges on December 12, is estimated at
$810.67 million. The entire smart contract platform token economy is $261 billion and down 2.3% in the last 24 hours.
In the past 62 days, the smart contract platform token economy has dropped 7.77% from $283 billion to $261 billion today.