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With the crypto market falling, the DeFi sector is feeling the storm as TVL dropped to $211.43 billion as of April 11, down 9.21% from six days ago.
Currently, the best DeFi protocol in terms of TVL is Curve Finance with a dominance rating of 9.52%. Curve TVL has about $20.12 billion, down 5.30% from last week.
The second largest DeFi protocol in terms of value locked is Lido with $17.43 billion. The protocol has shed 13.95% in the last seven days. The third largest DeFi protocol, Anchor, has total funds of $14.75 billion, but has seen a minus of 6.79% in the last week.
However, over the same period, individual protocols noted an increase in the total blocked value, these are Cbridge (added 35.34%) and Platypus Finance (plus 22.44%). Of the $211 billion locked up on Monday, the Ethereum blockchain accounted for 55.59% or $117.52 billion.
TVL on the Terra Blockchain (LUNA) allows the network to take second place with $26.68 billion, which is 12.62% of $211.43 billion. Binance Smart Chain (BSC) is in third place, as it currently manages $13 .16 billion or 6.23% of TVL in DeFi. TVL Ethereum, Terra and BSC are followed by Avalanche and Solana blockchains.
#TVL #DeFi #Protocols #21B #Days
