TVL in the DeFi space has increased by 2.3% over the last week

TVL in the DeFi space has increased by 2.3% over the last week. The value locked in the decentralized Finance (DeFi) has increased from $233.95 billion to $239.38 billion in the last seven days. Curve’s total value locked (TVL) dominance today is 9.76% with its $23.38 billion TVL.

TVL in the DeFi space has increased by 2.3%:

Decentralized Finance (DeFi) has seen a lot of growth over the last year. This space of the crypto market has huge potential and a bright future ahead. The Crypto market is still trying to stabilize with flagship currency trying to stabilize over the $42k price mark. Recent statistics show that TVL in the DeFi space has been increasing over the last week. The TVL in defi space today is 2.34% higher than it was on January 8.

Ethereum is the biggest stakeholder in Decentralized Finance with the $146.54 billion held on the blockchain. Ethereum holds 62.63% of the total value locked in decentralized finance on Saturday. The second-largest TVL belongs to Terra as the network commands $19.01 billion, but that’s only 8.12% of the aggregate TVL in defi. While Terra’s TVL in defi jumped 22.03% this week, it is followed by Binance Smart Chain (BSC) with $15.21 billion.

The total value locked in the Fantom has increased more than Terra’s TVL. Meanwhile, Fantom’s TVL jumped higher than Terra’s this past week increasing 26.33% to $7.12 billion. Osmosis (OSMO) increased 18.60% this week rising to a $1.36 billion TVL in its defi protocols. Other than Ethereum, BSC, and HECO a lot of DeFi chains saw an increase in TVL.

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