The total value locked (TVL) in decentralised finance (defi) has been range bound as of December 12, 2022, having decreased by 25.5% from $55.94 billion on November 5 to $41.67 billion at this time. In addition, over the last 12 months, the TVL in defi has decreased 82.56% from the current aggregate of roughly $239 billion in December 2021.
Following the FTX disaster last month, the smart contract token economy and the defence industry are struggling.
The FTX debacle has had a significant negative impact on decentralised finance (defi), as the total value locked (TVL) in defi has lost 25.5% of its value in just 37 days. The TVL in defi is currently estimated to be $41.67 billion and has decreased by 1.63% over the last 24 hours as of the time of writing.
With $6.26 billion in value locked and a dominance rating of 15.02% compared to the other defi protocols’ TVL standings, the defi protocol Makerdao currently has the largest TVL. According to Defillama.com metrics, Makerdao’s TVL decreased by 8.41% over the course of the previous month.
Lido, Aave, Curve, Uniswap, Convex Finance, Justlend, Pancakeswap, Compound Finance, and Instadapp are the top defi protocols in terms of TVL size, followed by Makerdao. Aave, which fell 15.18% in value in 30 days, experienced the biggest monthly loss of the top ten stocks.
Contrarily, the TVL metrics for Convex Finance rose by 43.87% over the past month. Of all the blockchains, Ethereum has the most value that is currently locked away, with $23.98 billion, or 57.55% of the total, locked away in defi.
The second-largest TVL on December 12 belongs to Binance Smart Chain (BSC), with an estimated $4.99 billion or 12.04% of the total. The blockchain networks Tron, Arbitrum, Polygon, Avalanche, Optimism, Fantom, Cronos, and Solana are respectively followed by Ethereum and BSC in terms of TVL size.
With an estimated $4.99 billion or 12.04% of the total, Binance Smart Chain (BSC) had the second-largest TVL on December 12. The blockchain networks Tron, Arbitrum, Polygon, Avalanche, Optimism, Fantom, and BSC are in order of TVL size after Ethereum and BSC.