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Ethereum Dominates DeFi TVL and Curve Becomes Leading Protocol as 2021 Comes to a Close

admin by admin
December 21, 2021
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Ethereum Dominates DeFi TVL and Curve Becomes Leading Protocol as 2021 Comes to a Close
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The full worth locked on DeFi protocols as of December 20, 2021 stands at over $240 billion – a decline from $261.32 billion in December 2021 alone.

Based on the most recent stats, the Curve lending protocol leads with 9.19% of all that worth, with a TVL of $21.54 bilion.

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In comparison with 7 days in the past, Curve’s TVL has elevated by 0.86% whereas the worth has decreased by -1.80 during the last 24 hours.

The highest 5 protocols in TVL haven’t modified aside from InstaDapp which has taken fifth spot as wBTC community has continued to shed falling by 2.71% within the final 24 hours alone.

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SEE ALSO: Ethereum Hits All-Time High Gaining Over 140% in Just 3 Months

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Beneath are the main DeFi protocols as 2021 involves an in depth:

  • Curve – Over $21B
  • MakerDAO – Over $17B
  • Convex Finance – Over $16B
  • Aave – Over $13B
  • InstaDapp – Over $12B
  • wBTC – Over $11B

Ethereum stays by far the chief relating to the place the DeFi motion is happening, answerable for 62.80% of all worth locked in DeFi – about $147.19 billion.

This worth is held in 361 protocols.

Prime Blockchains on DeFi exercise

Nonetheless, Ethereum’s maintain in DeFi has continued to say no because of new ecosystems which have continued to draw DeFi gamers.

The Terra ecosystem catches the attention, with a 34% climb in exercise within the final seven days, to hit $17.12 billion in TVL with simply 13 protocols.

Rounding off the highest 5 DeFi ecosystems are BSC, Avalanche and Solana.

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RECOMMENDED READING: The NFT Space Grew Over 700% While DeFi TVL Rose Over 50% in Q3 2021, Reveals Latest DappRadar Report

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