Pancakeswap

Value Locked in Defi Continues to Slide, ETH Defi Dominates by 65%, Solana Transactions Reign

17/12/2021 by Idelto Editor

The total value locked (TVL) in decentralized finance has slid 15.63% since the metric’s all-time high of $275 billion sixteen days ago on December 1. Since the end of the first week of December, the TVL is down 7.19% lower with a number of protocols seeing seven-day losses in terms of TVL.

Defi Tokens YFI and CVX See 7-Day Double-Digit Gains, Aggregate Locked in Defi Slips Close to 3% to $243 Billion

According to statistics, decentralized finance (defi) tokens represent $132.6 billion or roughly 5.79% of the entire $2.28 trillion crypto economy. The largest defi token in terms of market capitalization is terra (LUNA), which commands 18% dominance and a market valuation of around $23.9 billion. The top two performing defi assets during the last week were yearn finance (YFI) and convex finance (CVX). Yearn finance jumped 33% in value this past week and convex finance increased in value by 26.3%.

Meanwhile, the defi tokens tokemak (TOKE) and bonfida (FIDA) saw the deepest weekly losses last week. Tokemak lost 31.6% in value last week and bonfida shed 28.7% in USD value. The top decentralized exchange (dex) on Friday is Uniswap version 3 with $2 billion in 24-hour volume. Uniswap (v3) is followed by Pancakeswap, Trader Joe, Biswap, Sushiswap, Uniswap (v2), Raydium2, and Curve Finance, respectively.

There’s been $6.2 billion in 24-hour dex trade volume and 158,035,713 monthly visits to dex protocols. According to defillama.com, the aggregate total value locked (TVL) across a myriad of blockchains is $232 billion with Curve dominance at 9.17%. Curve’s TVL is $21.28 billion and it supports seven different blockchains.

Ethereum Still Dominates the Defi Landscape, Solana Transactions at 45 Billion, Cross-Chain Bridge TVL Slides 3.4% Last Month

Out of all the recorded defi blockchains, Ethereum commands $159.64 billion TVL in defi today which equates to 65.44% of the aggregated defi TVL. Binance smart chain (BSC) is the second-largest blockchain in terms of TVL in defi today. BSC has a $16.53 billion TVL on Friday which is roughly 6.77% of the $243.94 billion locked in defi. The chains that follow BSC include Terra, Solana, Avalanche, Tron, Polygon, and Fantom, respectively. Out of all the chains this past week, the only top-ten defi chains that gained a higher TVL percentage were Fantom (3.52%) and BSC (1.75%).

Statistics from Coin98 Analytics indicate that in terms of the total transactions for blockchain networks Solana holds the reins with 45 billion. Solana’s transaction dominance is followed by Tron (2.68B), BSC (2.09B), Ethereum (1.39B), Polygon (1.19B), HECO (534M), and Algorand (464M). As far as the number of validators on popular blockchains, Coin98 Analytics metrics show Ethereum has 270,322 validators, while Elrond has 3,222.

Lastly, as far as the TVL in cross-chain bridges is concerned, there’s $22.73 billion in cross-chain bridge TVL today. There’s been a 3.4% loss in TVL during the last 30 days and Ronin Bridge commands the top position with $6.4 billion. Ronin is followed by Avalanche ($5.88B), Polygon ($5.83B), Arbitrum ($2.3B), Fantom ($1.3B), and Optimism ($433M).

What do you think about the state of decentralized finance (defi), decentralized exchange (dex) applications, and the total value locked in these blockchains? Let us know what you think about this subject in the comments section below.

Value Locked in Defi Slips 5% in 24 Hours, AMM and Rebase Tokens Take Double-Digit Losses

05/12/2021 by Idelto Editor

Since mid-November the total value locked (TVL) in decentralized finance (defi) has slid from $257 billion to $250.55 billion and during the last 24 hours it lost a touch more than 5%. Over the last seven days, defi tokens like uniswap, pancakeswap, curve dao token, 1inch and sushi have lost anywhere between 15% to 23.9% in value.

Defi TVL Drops — Curve, Makerdao and Convex Finance Dominate

At the time of writing, the TVL in defi protocols across a myriad of blockchains is $250.55 billion, according to metrics from defillama.com. The aggregate defi value locked has lost 5.08% during the last day, and the protocol Curve dominates most of the TVLs listed with 8.07% dominance.

The automated market maker (AMM) Curve commands $20.23 billion TVL which is up 1.13% this past week. Makerdao is the second-largest defi protocol TVL with $18.56 billion at the time of writing. The third-largest defi protocol TVL belongs to Convex Finance with $15.14 billion today.

Ethereum Defi TVL Dominance 65%, Binance Smart Chain 6%, Terra 5%

TVL per blockchain shows that Ethereum commands $164.36 billion of the $250.55 billion in defi on Sunday. Binance Smart Chain (BSC) captures $16.61 billion and the chain is the second-largest chain in terms of defi protocol TVLs.

Following BSC is Terra ($13.29B), Avalanche ($12.03B), Solana ($12.46B), and Tron ($5.48B). At the time of writing, Ethereum commands 65.58% of the $250.55 billion of value locked in defi. While BSC commands 6.62% dominance, the TVL in Terra captures 5.30%.

Rebase and AMM Defi Tokens Slide —Crosschain Bridge TVL Slips 26% in 30 Days

Statistics from coingecko.com indicate that the total market capitalization of the top automated market maker (AMM) defi tokens has dropped 13.6% to $17.2 billion. Additionally, metrics show that rebase tokens have lost 5.1% to a low of $6.09 billion on Sunday.

The top AMM crypto asset uniswap (UNI) has shed 15% during the last seven days. Uniswap is followed by pancakeswap (16.7%), curve dao token (27.2), 1inch (26.3%), sushi (23.9%), and bancor token (10.1%).

Rebase tokens such as olympus (OHM) shed 17.1% this past week while wonderland (TIME) has lost 18.5%. Klima dao (KLIMA) is down 50.6% during the last seven days and ampleforth (AMPL) lost 17.7%.

Monthly stats show cross-chain bridge TVLs have slipped 26.9% and today there’s $24.40 billion TVL in bridges to Ethereum, according to Dune Analytics. The leader is the Ronin bridge with $6.9 billion and Avalanche has $6.6 billion and Polygon has $5.6 billion.

What do you think about the state of decentralized finance (defi) today? Let us know what you think about this subject in the comments section below.

Total Value Locked in Defi Reaches $250 Billion — Uniswap, Quickswap, Trader Joe Dominate Dex Volumes

04/11/2021 by Idelto Editor

During the second week of October, the total value locked (TVL) in decentralized finance (defi) protocols crossed $200 billion, and two weeks later in November, the TVL in defi surpassed $250 billion gaining 25% in value. Meanwhile, Ethereum commands more than 67% of the $253 billion TVL in defi today, gaining 4.65% during the last seven days while Solana’s TVL increased by 5.99% this past week.

Defi TVL Increases by 25% in 2 Weeks

The total value locked (TVL) in defi has reached an all-time high, tapping $253.94 billion on November 3, 2021. On October 12, Bitcoin.com News reported on the defi TVL surpassing $200 billion and in two weeks the value has expanded by 25%. Value expansion is not only due to more value being added to defi protocols, but crypto assets like ethereum (ETH), solana (SOL), and avalanche (AVAX) have seen significant gains. Today, the TVL on the Ethereum blockchain is 67% or $171.24 billion, according to defillama.com stats.

The second-largest defi blockchain in terms of TVL is the Binance Smart Chain (BSC) with $19.5 billion, which is 7.707% of the entire defi TVL today. Solana’s TVL, which increased by 5.99% this past week, is $14.12 billion on Wednesday, which is 5.58% of the aggregate in defi. Tron saw a large increase of 28.9% as the blockchain’s defi TVL is $6.11 billion. The Arbitrum One chain has jumped to all-time highs with $2.69 billion TVL, up 16.19% during the course of the trailing week.

Defi Report Shows Binance Smart Chain, Ethereum, Polygon Daily Transactions Rise

The “Defi Weekly Report” series published by Coin98 Analytics indicates that the BSC decentralized exchange (dex) Pancakeswap has reached “600,000+ daily active users.” Moreover, the 43rd Coin98 Analytics’ defi report notes that BSC active addresses tapped 1.9 million wallets per day. The researchers detail that alongside the increase of active addresses, BSC also saw a spike in daily transactions.

“The daily transactions [from the] Binance Smart Chain increased in line with the number of daily active addresses, reaching 10.8 million transactions this week,” the 43rd Coin98 Analytics’ defi report details. “Ethereum and Polygon are also showing signs of growth in daily transaction volume this week as Ethereum hit 1.5 million transactions/day (+18.26%) and Polygon reached 4.6 million transactions/day (+39.94%),” the researcher’s study adds.

Curve, Uniswap, Quickswap, Trader Joe Defi Activity Expands

On Wednesday, the defi protocol Curve recorded a seven-day increase of 9.28%, with Curve’s TVL at $19.94 billion. Curve has a dominance of 7.87% according to today’s metrics and the dex supports seven different blockchains. The largest dex in terms of swap volumes is Uniswap during the last 30 days with $16.53 billion in global trade volume.

Polygon’s (MATIC) popular dex protocol, Quickswap, has seen $3.61 billion in global trade volume during the last months. The Avalanche-based dex Trader Joe is the third-largest in terms of 30-day volume with $1.96 billion, according to dappradar.com’s decentralized exchange rankings.

What do you think about the overall increased activity and value in the land of decentralized finance right now? Let us know what you think about this subject in the comments section below.

Non-Custodial Dex Platforms Continue to Expand — Curve, Pancakeswap, Sushiswap, Uniswap Lead the Pack

26/10/2021 by Idelto Editor

Five years ago, there was a large quantity of digital currencies and blockchains, but there were very few trading platforms that dealt with decentralized exchange. Since the boom of decentralized finance (defi), there’s now a myriad of decentralized exchange (dex) platforms that allow people to swap funds in a private, non-custodial manner. These days the biggest dex applications are catering to a variety of blockchain networks via cross-chain technology.

Curve’s TVL Nears $20 Billion, Curve DAO Token Jumps 82%, Pancakeswap and Sushiswap Follow With TVLs Over $10 Billion

Defi has exploded in popularity during the last 12 months and there are numerous applications and platforms tending to the needs of traders and liquidity providers. Currently, there’s $245.1 billion in total value locked in defi platforms today across blockchains like Ethereum, Solana, Avalanche, Polygon, Binance Smart Chain, and more.

Data from defillama.com indicates that the lending system Aave has the largest dominance metric today with 7.95% of the $245 billion, or $19.46 billion TVL. Aave is compatible with Ethereum, Polygon, and Avalanche and the TVL has increased 18.13% during the last seven days.

In terms of dex TVL rankings, Curve is the number one contender with $18.21 billion and compatibility with seven different blockchains. The Binance Smart Chain (BSC) dex application, Pancakeswap, has the second-largest TVL with $5.77 billion across only one chain.

The Curve dex cryptocurrency, otherwise known as curve DAO token (CRV), has increased in value 82.4% during the last week. Cake, the native currency for the Pancakeswap dex, is only up 0.7% this past week. Sushiswap is just below the BSC dex with a $5.6 billion total value locked across 13 unique blockchains. Sushiswap’s native asset, SUSHI, has gained 3.0% during the last seven days.

Uniswap, which leverages the Ethereum blockchain, has a TVL of around $5.26 billion, up 8% during the last week. UNI has gained 4.7% this past week and Uniswap version 3 is the sixth-largest dex in terms of total value held.

Uniswap’s Weekly Volume Close to $10 Billion, Dex Aggregators Capture 26% of Trades, Non-Ethereum Dex Platform TVLs Rise

Between Uniswap, Sushiswap, Curve, and 0x Native, the dex application Uniswap commands the most trade volume with $9.3 billion during the last seven days. Uniswap captures 68.2% of the volume across 14 different Ethereum-based dex platforms.

Meanwhile, Sushiswap has seen $2.2 billion in volume this week and Curve has seen $667 million. Dex aggregator platforms like 1inch and 0x API have around 26% of the trade volume. 1inch has seen $2.1 billion in weekly trades and 0x API $1.2 billion.

In terms of TVL, top dex applications from other blockchains besides BSC and ETH include Avalanche’s Trader Joe, Solana’s Saber, Raydium, and Serum, and Tron’s Justswap (JST) application. The Avalanche (AVAX)-based Trader Joe dex has increased its TVL by 33.11% this week and the Solana (SOL)-based Serum’s TVL jumped 20.74%.

What do you think about the dex volumes and total value locked in these defi applications? Let us know what you think about this subject in the comments section below.

Total Value Locked in Defi Surpasses $200 Billion — Fantom, Avalanche, Harmony, Arbitrum TVLs Swell

12/10/2021 by Idelto Editor

Decentralized finance (defi) has swelled quite a bit this year and on October 5, the total value locked (TVL) in defi protocols crossed the $200 billion mark. Since January 1, the defi TVL across various blockchains has risen almost 855% from $21.4 billion to today’s $204 billion.

Total Value Locked in Defi Jumps Over the $200 Billion Handle, Ethereum TVL Commands 69% Dominance

The total value locked (TVL) in defi today has jumped nearly ten times higher than the value at the beginning of 2021. On October 5, 2021, the TVL in defi surpassed the $200 billion handle for the first time and the value has remained above $200 billion during the last seven days.

Statistics from defillama.com indicate that the defi protocol Curve has the largest dominance with $15.94 billion, up more than 7% over the last week. Curve’s dominance is 7.80% on Tuesday and it interacts with six different crypto networks including Avalanche, Ethereum, and Polygon.

Metrics show that Aave, Makerdao, and Wrapped Bitcoin (WBTC) command the third, fourth, and fifth positions in terms of defi TVL dominance. Aave commands $14.87 billion on Tuesday while Makerdao holds $13.48 billion, and WBTC captures $11.99 billion in value.

Between Curve, Aave, Makerdao, and WBTC all four defi protocols have $56.28 billion worth of the aggregate TVL, which is 27.53% of the entire TVL today. The entire $204 billion is across blockchain protocols like Ethereum, Solana, Avalanche, Polygon, Fantom, Terra, Arbitrum, Binance, Celo, and Harmony.

Top Ten Dex Platforms in Mid-October 2021 — Funds Continue to Pour Into Waves, Fantom, Polynetwork, Harmony, Arbitrum, and Avalanche Networks

The top ten decentralized exchange (dex) applications on Tuesday include defi projects such as Curve, Pancakeswap, Sushiswap, Uniswap, Balancer, Uniswap V3, Saber, Serum Raydium, and Bancor, respectively.

The top five blockchains with the most TVL on Tuesday are Ethereum, Binance, Solana, Terra, and Avalanche. The Ethereum chain still commands 69.01% dominance with approximately $141.06 billion total value locked on October 12.

The second and third-largest TVLs for Binance and Solana are below the $20 billion mark but above the $10 billion line. While Ethereum has seen a TVL increase of 1.65% during the last seven days, Fantom has increased the most during the last week.

Data shows Avalanche TVL has spiked 19.64% but Fantom’s TVL jumped a whopping 225% in a week’s time. Other leaders seeing increases in TVL over the last week include chains like Waves ($2.15B), Arbitrum ($1.52B), Polynetwork ($298M), and Harmony ($205.92M).

What do you think about the total value locked in defi protocols crossing the $200 billion mark this October? Let us know what you think about this subject in the comments section below.