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DeFi
DeFi

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.

TVL in the DeFi space

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.

TVL in the DeFi space

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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About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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