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Home > News

Published: 04/03/2024

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Author: Leexim

Locked Value in Defi Approaches the $100 Billion Milestone
The total value locked (TVL) in decentralized finance (Defi) protocols has not only surpassed the $80 billion mark but has also expanded by an additional $11.66 billion since then.

Azcnews (1)
In just five days, the decentralized finance (defi) sector has witnessed a remarkable surge, with the total value locked (TVL) soaring from $80 billion to an impressive $91 billion, edging closer to the elusive $100 billion milestone not seen since the era predating Terra’s stablecoin crisis.

The defi landscape’s growth is unmistakable, with the combined market value of defi tokens reaching an impressive $115.46 billion as of March 2024. This marks a noteworthy increase of $12.79 billion from the $102.66 billion recorded on February 24, 2024.

Recent performance highlights include avalanche (AVAX) surging by over 19%, while chainlink (LINK) witnessed an 11.5% ascent. The majority of defi tokens, including INJ, STX, GRT, and THETA, have experienced significant gains, propelling the sector forward.

Over 29 Protocols Exceed $1 Billion in Value Amid Defi Sector Expansion
The surge in TVL over the past week is spearheaded by Lido, the leading liquid staking protocol, commanding an impressive $33.849 billion in total value locked. This substantial figure is mainly attributed to the 9.84 million ethereum (ETH) it holds, positioning Lido as a dominant force in the defi space, representing 36.83% of the total defi TVL.

Top Defi Tokens By Market Capitalization
Top Defi Tokens By Market Capitalization
Aave follows closely with a TVL of $10.09 billion, constituting 10.98% of the overall defi TVL, while Eigenlayer and Maker boast TVLs of $9.81 billion and $9.24 billion, respectively. Justlend is not far behind with a TVL of $6.97 billion.

As of March 1, 2024, an impressive 29 defi protocols each hold over $1 billion in value, with Ethereum-based protocols leading the charge, contributing $52.47 billion or 60.03% to the current defi TVL. Tron’s TVL stands at $9.47 billion, and BNB commands $4.95 billion at the start of March.

Related: Blueberry DeFi Protocol Temporarily Pauses Lending

The decentralized exchange (dex) landscape is vibrant, featuring top platforms such as Uniswap v3, Jupiter, Orca, Pancakeswap, Uniswap v2, Curve, Thorchain, Raydium, and Quickswap. Each of these dex protocols boasts a 24-hour global trade volume ranging from $109 million to an impressive $1.3 billion, reflecting the dynamic and active nature of the defi ecosystem.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.


Read Less
5.0/5

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Avatar of Nuhu Abdullahi
Nuhu Abdullahi
04/03/2024 at 8:23 am
This is awesome developments, we’re together.

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Nikiema Youssouf
04/03/2024 at 8:56 am
youssoufn5@gmail.com

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Search...

Home > News

Published: 04/03/2024

-
Author: Leexim

Locked Value in Defi Approaches the $100 Billion Milestone
The total value locked (TVL) in decentralized finance (Defi) protocols has not only surpassed the $80 billion mark but has also expanded by an additional $11.66 billion since then.

Azcnews (1)
In just five days, the decentralized finance (defi) sector has witnessed a remarkable surge, with the total value locked (TVL) soaring from $80 billion to an impressive $91 billion, edging closer to the elusive $100 billion milestone not seen since the era predating Terra’s stablecoin crisis.

The defi landscape’s growth is unmistakable, with the combined market value of defi tokens reaching an impressive $115.46 billion as of March 2024. This marks a noteworthy increase of $12.79 billion from the $102.66 billion recorded on February 24, 2024.

Recent performance highlights include avalanche (AVAX) surging by over 19%, while chainlink (LINK) witnessed an 11.5% ascent. The majority of defi tokens, including INJ, STX, GRT, and THETA, have experienced significant gains, propelling the sector forward.

Over 29 Protocols Exceed $1 Billion in Value Amid Defi Sector Expansion
The surge in TVL over the past week is spearheaded by Lido, the leading liquid staking protocol, commanding an impressive $33.849 billion in total value locked. This substantial figure is mainly attributed to the 9.84 million ethereum (ETH) it holds, positioning Lido as a dominant force in the defi space, representing 36.83% of the total defi TVL.

Top Defi Tokens By Market Capitalization
Top Defi Tokens By Market Capitalization
Aave follows closely with a TVL of $10.09 billion, constituting 10.98% of the overall defi TVL, while Eigenlayer and Maker boast TVLs of $9.81 billion and $9.24 billion, respectively. Justlend is not far behind with a TVL of $6.97 billion.

As of March 1, 2024, an impressive 29 defi protocols each hold over $1 billion in value, with Ethereum-based protocols leading the charge, contributing $52.47 billion or 60.03% to the current defi TVL. Tron’s TVL stands at $9.47 billion, and BNB commands $4.95 billion at the start of March.

Related: Blueberry DeFi Protocol Temporarily Pauses Lending

The decentralized exchange (dex) landscape is vibrant, featuring top platforms such as Uniswap v3, Jupiter, Orca, Pancakeswap, Uniswap v2, Curve, Thorchain, Raydium, and Quickswap. Each of these dex protocols boasts a 24-hour global trade volume ranging from $109 million to an impressive $1.3 billion, reflecting the dynamic and active nature of the defi ecosystem.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.


Read Less
5.0/5

(3 votes)
Avatar of Nuhu Abdullahi
Nuhu Abdullahi
04/03/2024 at 8:23 am
This is awesome developments, we’re together.

Like Reply Share
Avatar of Nikiema Youssouf
Nikiema Youssouf
04/03/2024 at 8:56 am
youssoufn5@gmail.com

Like Reply Share
Leave a Reply
Your email address will not be published. Required fields are marked *

Comment *

Twitter

Telegram

Name

Save my name, email, and website in this browser for the next time I comment.

LATEST

Azcnews Breaking (48)
News 04/03/2024

EigenLayer TVL Surpasses $10 Billion, Ranking Second in DeFi

EigenLayer's TVL reaches $10B, surpassing numerous prominent projects and currently ranking second only to Lido in the DeFi protocol space.

Azcnews
News | Bitcoin | Editor Choice 04/03/2024

Bitcoin Surges to $65,000 as Tether Unleashes 1 Billion USDT

Bitcoin catapulted to a fresh yearly pinnacle, surpassing $65,000 in response to the Tether Treasury's issuance of 1 billion USDT, marking a synchronized surge in both market dynamics and cryptocurrency value.

Azcnews Breaking (47)
Airdrops | Altcoin | News 04/03/2024

Guide to Conducting SynFutures Airdrop

SynFutures is launching a rewards program with opportunities for future airdrops. To participate in the program, you can refer to the article below!

Azcnews Breaking (45)
Airdrops | Altcoin | News 04/03/2024

Binance Will Support PIXEL Airdrop for RON Locked Products

Binance Earn announces support for the Pixel Airdrop for RON token locked investors. Read more details here!

Azcnews
News | Bitcoin | Editor Choice 04/03/2024

The Driving Forces Behind Bitcoin’s Resurgence to $64,000

Bitcoin (BTC) surges to $64,000, approaching its record high, propelled by its most significant weekly gain in history.

Top views
1
Memecoins Have Been Leading The Market For Several Days
2
Blast Releases Mainnet, Expected Airdrop Redemption Schedule
3
OKX to List QnA3.AI’s GPT Token on its Spot Market
4
What is Axelar Network? Information about Token AXL?
5
SynFutures Launches V3 on Layer-2 Blast
6
Bitcoin Market Shows Over 20% Gap in Supply and Demand Dynamics
7
What is Portal? Information about PORTAL Token?
8
Cryptocurrency Exchanges in Korea Surge Amidst Bitcoin Rally
9
XRP Whales Shift 62 Million Tokens in Price Rally
10
Taiko Raises an Additional $15 Million in Series A Round
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