Defi Protocols Shed Gains, TVL Falls Below $200 Billion

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The value locked in DeFi fell below $200 billion for the first time since March 16, 2022.

While the cryptocurrency market lost billions of dollars this week, the total value locked (TVL) of decentralized finance protocols fell below $200 billion to $196.6 billion. TVL in Defi is down 3.16% on the last day, at about $196.6 billion at the time of writing, and down 3.16% in the past 24 hours.

The bloodbath of the Defi protocol

All 10 leading defi tokens, except Anchor, showed a significant drop in 30-day TVL percentage. Since last month, Curve Finance is down 11.74%, Lido is down 13.73%, Makerdao is down 16.81% and Convex Finance is down 10.59%.

The Aave protocol has lost the most in the last 30 days, losing 21.98% since last month. Curve Finance is the most used Defi protocol with a market share of 9.56% and a TVL of about $18.8 billion.


Built on the Ethereum-based Defi protocol, TVL continues to dominate today with a 55.55% market share valued at $109.21 billion. In the $196.6 billion defi TVL, the Terra blockchain occupies the second place with a 14.36% share. Terra’s current TVL is $28.23 billion, of which Anchor is $16.48 billion.

The value locked in Defi falls below $200 billion, and Dex volume in April is down 21% from March

Blockchains such as BSC ($12.04 billion), Avalanche ($9.38 billion) and Solana ($6.09 billion) lag behind Ethereum and Terra in terms of defi TVL scale.

Curve, Lido, Anchor, Makerdao, and Convex Finance are the top five defi protocols by Defi TVL scale. Terra’s Anchor Protocol’s 30-day TVL increased by 4.15% last month.

Despite an initial drop of 21.98%, Aave version 3 (v3) has seen solid gains over the past 30 days. Today, Aave v3’s TVL is approximately $1.38 billion, up 2,711% from the previous month.

According to statistics, by Saturday, May 1, 2022, there will be 428 decentralized exchange (dex) platforms with a total TVL of $61.44 billion. There are also 142 DeFi lending protocols with a combined value of $48.87 billion.

Data showed that dex trading volumes also declined in April. Dex trading volume in March was about $117 billion, while data showed that it was only about $92.18 billion in April.

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