Data provided by DeFi TVL aggregator DeFi Llama revealed that total value locked in various chains reached a new high surpassing $157 B.
Related: CoinShares records a rise in capital investments in ADA and SOL
The highest mark was on August 22, despite Bitcoin’s and Ethereum price being over 26% lower than their peaks.The DeFi space continues to grow with industry advancement. While Ethereum has been undergoing updates, its alternatives such as Solana, Binance Smart Chain, Polygon, Tron have been making progress, too.
Ethereum continues to be the leading blockchain in terms of TVL, with the indicator reaching its peak of $117 B on August 22. The top three protocols based on Ethereum are InstaDapp, Curve, and Aave.
Next comes BSC. The TVL locked in the protocol apps currently stands at over $18.8 B. The highest mark was reached in May, when the TVL surpassed $29.7 B. The dominant app built on top of BSC is PanCakeSwap with over 33.7% dominance.
Terra, Polygon, Solana, and Avalanche among other chains set new records.