Over the five days to August 14, 2022, the total value locked (TVL), in decentralized finance (defi), has fallen 8.53%. The TVL at the time was $67.87 Billion. Today, it is $62.08 Billion. The top smart contract platform tokens today, according to market valuation, are valued at $372 billion.
However, overall, the value of dozens smart contract crypto assets has lost 7.8% over the past 24 hours.
Smart Contract Token Economy Drops, Total Value in Defi Loses 8.53% Since August 14
The top smart contract tokens, such as ethereum ( ETH), Binance coin ( BNB), cardano( ADA), Solana (SOL), polkadot and avalanche are all down in price against the U.S. Dollar on August 19, 2022. According to market data, there are many smart contract tokens. They are worth $347 billion collectively. That’s 7.8% less than the U.S. dollar.
Ethereum has the largest market capitalization. It now controls 19.2% of the $1.14 trillion crypto economy. Ethereum has a market capitalization of $208 billion. This is 59.94% from the total number of smart contract coins valued at $347 billion.
The smart contract crypto currency is equivalent to 32.12% of crypto’s $1.08 Trillion valuation. Despite the poor market performance of the top smart contract tokens, the value in defi remains the same. There’s $62.08 trillion in defi value today. defillama.com statistics detail that Makerdao is the dominant protocol by 13.45%.
Data indicates that Makerdao’s TVL for the defi protocol Makerdao was around $8.35 trillion on August 19. Today’s top defi protocol by TVL are Lido ($7.62B), Aave ($6.91B), Curve Finance ($5.98B), Uniswap (5.88B), Convex Finance (4.32B) and Justlend (3.27B). Ethereum still holds the title of blockchain with the largest TVL, with $36.31 Billion or 59.04%.
Ethereum follows Tron, Binance Smart Chains, Polygons, Avalanche and Solana. Cronos, Arbitrum. Optimism is the next. Tron is the second-largest cryptocurrency by defi TVL metrics and commands $5.63 Billion, or 9.15%, of the $62.08 Billion in defi protocol funds today.
Fantom is the 10th largest blockchain by defi TVL, with $588 million, or 0.96%, of the TVL in the defi TVL. Justlend, however, is the largest Tron protocol for defi. It holds 58.14% or $3.27 Billion USD of the Tron network’s $5.63Billion in defi. Pancakeswap is Binance Smart Chain’s biggest defi protocol. Polygon’s is MM Finance and Avalanche is Aave. Solana is Marinade Finance.
Makerdao is Ethereum’s top collateralized loan position (CDP). Lido is the largest liquid staking app, while Uniswap is the dominant Ethereum decentralized exchange platform (dex). Aave, Ethereum’s biggest lending application, is the WBTC bridge with the highest value locked and Convex Finance, Ethereum’s top yielding protocol in terms TVL.