The total value locked (TVL) in decentralized finance DeFi has surpassed the $50 billion mark for the first time since the collapse of FTX.
rose by 4.2%, cardano increased by 2.4%, and polygon rose by 8.3% against the U.S. dollar. Solana saw a 3.9% increase, polkadot rose by 3.6%, and avalanche gained 5.7%.
The aforementioned price increases have propelled the total value locked in decentralized finance above the $50 billion mark for the first time since Nov. 8, 2022. As of Feb. 16, 2023,show that the TVL is approximately $51.1 billion, with $8.78 billion held by Lido. Lido is the largest protocol in terms of TVL, capturing 17.18% of the total. The liquid staking protocol is followed by Makerdao, Curve, Aave, and Convex Finance, respectively.of the total value locked in defi, amounting to $30.
The largest protocol bridges in terms of value locked include WBTC, Multichain, Justcrypto, and Portal. As of Feb. 16, 2023, the top decentralized exchange platforms include Uniswap, Curve, Sunswap, Pancakeswap, Balancer, Trader Joe, Spookyswap, Velodrome, and Orca. Dex platforms processed in global trade volume over the past 24 hours. The largest lenders in defi include Aave, Venus, Justlend, Radiant, Geist Finance, Solend, Tectonic, and Pando Rings.
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