The total value locked (TVL) in DeFi has slid 8.53% over the last five days since August 14, 2022. The SmartContract token economy lost 7.8% in the last day.
While the tenth-largest blockchain by defi TVL data, Fantom, has around $588 million or 0.96% of the TVL in defi,is the largest defi protocol on the Tron network as it dominates by 58.14% of the network’s $5.63 billion locked in defi, or $3.27 billion in USD value.
Binance Smart Chain’s largest defi protocol is Pancakeswap, Polygon’s is MM Finance, Avalanche’s largest is Aave, and Solana’s is Marinade Finance.collateralized debt position protocol is Makerdao, the biggest liquid staking application is Lido, and Uniswap rules the roost in terms of Ethereum decentralized exchange platforms. Aave is Ethereum’s largest lending application, the WBTC bridge has the most value locked, and Convex Finance is Ethereum’s top yield protocol in terms of TVL.
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