TVL in DeFi continues to decline, Ethereum dominates 65%, Solana leads in overall transactions

According to statistics, the total market capitalization of DeFi tokens is currently $ 134.7 billion, which is 5.9% of the total cryptoeconomy of $ 2.28 trillion.

The largest DeFi token in terms of capitalization is Terra (LUNA) at $ 24.3 billion, accounting for 18% of the entire industry. The two top performing assets last week were Yearn Finance (YFI) and Convex Finance (CVX), which rose 63.3% and 30.2.3%, respectively. Bonfida (FIDA) and Tokemak (TOKE) are DeFi tokens that saw the largest weekly declines of -25.2% and -21.2%, respectively.

Currently, the largest Decentralized Exchange (DEX) by volume is Uniswap v3 with $ 2 billion in the last 24 hours. Uniswap (v3) is followed by Pancakeswap, Trader Joe, Biswap, Sushiswap, Uniswap (v2), Raydium2 and Curve Finance.

Over the past 24 hours, DEX trading volume was $ 6.2 billion, with 158,035,713 monthly visits. According to, the total locked value (TVL) across all blockchains is $ 232 billion, down 15.63% from the all-time high (ATH) of $ 275 billion on January 12, with a 9.23% curve dominating the equivalent. Curve TVL is currently worth $ 21.28 billion and supports seven different blockchains.

Ethereum Still Dominates DeFi, TVL Cross-Chain Demand Down 3.4%

Among all DeFi blockchains, TVL Ethereum currently stands at $ 159.64 billion, or 65.44%. Binance Smart Chain (BSC) is the second largest blockchain with $ 16.53 billion and a share of 6.77%. Blockchains that follow BSC include Terra, Solana, Avalanche, Tron, Polygon, and Fantom. Of all blockchains, these are Fantom (3.52%) and BSC (1.75%).

In terms of total transactions for blockchain networks, Solana has 45 billion. This is followed by Tron (2.68 billion), BSC (2.09 billion), Ethereum (1.39 billion), Polygon (1.19 billion), HECO (534 million) and Algorand (464 million). In terms of the number of validators on popular blockchains, Ethereum has 270,322 validators, while Elrond has 3,222.

Number of transactions in networks | Source: Coin98 Analytics.

After all, when it comes to bridging, they currently have a TVL of $ 22.73 billion. The index has dropped 3.4% in the past 30 days and Ronin Bridge is at the top with $ 6.4 billion. This is followed by Avalanche ($ 5.88 billion), Polygon ($ 5.83 billion), Arbitrum ($ 2.3 billion), Fantom ($ 1.3 billion) and Optimism ($ 433 million).