The volume of assets blocked in DeFi-protocols reaches $100B

by in DeFi News

DeFi

The total value of frozen assets in the decentralized finance sector exceeded $ 100 billion for the first time.

DeFi protocols on the Ethereum blockchain account for about 80% of the volume, projects on the Binance Smart Chain (BSC) network - about 15%.

The leader in the rating is Compound with an indicator of $ 9.34 billion. In the top 10 protocols of the list, $ 62.4 billion is blocked.

DeFi Pulse and DeBank platforms give almost half the TVL for the segment - $ 52.2 and $ 54.3, respectively. Compound's leadership is confirmed by all three services, but the composition of the top ten of the rating differs.

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At the beginning of 2021, the total TVL of DeFi protocols was $ 20.74 billion. This figure also differs among analytical platforms: DeFi Pulse recorded about $ 16 billion, DeBank - $ 24.6 billion.

TVL approached $ 80 billion at the end of March, according to DefiLlama. Over the past seven days, almost all leading projects have shown double-digit percentage growth. For VakerDAO, SushiSwap, and Bankor, it has increased by more than 100% over this period.

Recall that in early March, the UNI token of the Uniswap decentralized exchange entered the top 10 cryptocurrency ratings by market capitalization. The coin is still ranked eighth in it.