While digital currencies like bitcoin and ethereum lost roughly 100 percent in price throughout the last seven days, the decentralised finance (defi) economy has worn the storm higher than the highest 2 leading crypto assets. A slew of blockchain games coins, defi tokens, and metaverse assets like gala, crypto.com coin, kadena, wonderland, and avalanche have seen double-digit gains throughout the last 24 hours.
TVL in Defi Weathers the Crypto Economy Storm
While bitcoin (BTC) has hovered simply higher than the $60K zone in consolidation, the defi economy and variety of alternative crypto assets have seen good gains. Statistics from defillama.com show that on Gregorian calendar month nine, the entire price secured (TVL) in defi protocols broached $275 billion and these days it’s solely 6.54% lower at $257 billion. The defi protocol Curve commands 8% dominance amid the $257 billion with $20.63 billion TVL.
Curve’s TVL is followed by Makerdao ($18.16B), Aave ($15.59B), plano convex Finance ($15.34B), and WBTC ($14.66B), severally. The highest 3 chains these days in terms of TVL are Ethereum (ETH), Binance sensible Chain (BSC), and Solana (SOL). ETH captures $172.22 billion or 66.93% of the combination TVL in defi on Wednesday. BSC has $19.56 billion or seven.60% and SOL has $13.32 billion or 5.17%.
7 Tokens See Double-Digit 24 Hour Gains, Cross-Chain Bridge TVL Dips 6.3% in thirty Days, Uniswap Commands Today’s high Dex Volume
The top gainer throughout the last twenty four hours is the blockchain game coin gala (GALA), up 110.4% today. Crypto.com coin (CRO) has accrued 28.5%, wax (WAXP) jumped 16.7%, kadena (KDA) spiked 16.0%, wonderland (TIME) upraised 14.8%, avalanche (AVAX) 14.3%, and curve dao token (CRV) accrued by 100 percent. The aforesaid seven tokens area unit the sole coins on Wednesday that saw double-digit gains among the 10,000+ crypto assets.
Other notable gainers embody letter fuel (TFUEL) up eight.3%, kucoin token (KCS) jumped five.2%, nem (XEM) rose 5.2%, two-dimensional figure (MATIC) accrued by four.8%, and iota (MIOTA) spiked 4.3% throughout the last twenty four hours. Defi cross-chain bridge action is around $23.98 billion total price secured with Ronin Bridge commanding $7.5 billion, consistent with ridge Analytics metrics. 30-day changes in cross-chain bridge TVL show bridge TVL is down 6.3%.
The top 5 decentralised exchange (dex) platforms these days embody Uniswap (Ethereum), bargainer Joe (Avalanche), Quickswap (Polygon), Alcor.exchange (WAX), and Sunswap (Tron). Throughout the last twenty four hours, the Avalanche-based bargainer Joe saw $150.89 million index swaps, whereas today’s leader Uniswap processed $901 million, consistent with dappradar.com’s records on Nov 17.