DeFi’s Total Net Lock-Up Volume Falls Slightly in 24 Hours
According to the report, according to the data of defullama, the current total net lock-up volume (TVL) of DeFi reached US $48.53 billion, a decrease of 2.18% …
According to the report, according to the data of defullama, the current total net lock-up volume (TVL) of DeFi reached US $48.53 billion, a decrease of 2.18% in 24 hours. Among them, Ethereum’s lockup on the chain was US $28.38 billion, BSC’s lockup was US $4.89 billion, and Avalanche’s lockup was US $93.7 billion. Solana’s lock-up volume is US $257.7 million, and Polygon’s lock-up volume is US $114 million.
At present, DeFi’s total network lock-in volume (TVL) is 48.53 billion US dollars
Interpretation of the news:
The report reveals that the total net lock-up volume (TVL) of DeFi has slightly decreased in the last 24 hours. According to the data from defullama, the current TVL now stands at $48.53 billion, representing a 2.18% decrease from the last 24 hours. The TVL is used to measure the total amount of assets that are locked up in decentralized finance protocols.
In terms of the breakdown, the report shows that Ethereum remains the most popular blockchain for DeFi protocols, with a net lock-up volume on the chain of $28.38 billion. Binance Smart Chain (BSC) follows with the second highest lock-up volume of $4.89 billion. Avalanche, a relatively new blockchain, has also gained significant traction in DeFi, with a lock-up volume of $93.7 billion.
Meanwhile, Solana’s lock-up volume comes in at $257.7 million, while Polygon’s lock-up volume is $114 million. These are considerably lower compared to Ethereum, BSC, and Avalanche but still represent a notable presence in the DeFi space.
The slight decrease in TVL is not necessarily a cause for alarm. It is common for DeFi assets to fluctuate in value, and a one-day dip does not necessarily signal a long-term trend. However, it is worth monitoring the fluctuations in the net lock-up volume as it indicates the level of demand and adoption for DeFi protocols.
Overall, the report suggests that the DeFi space continues to experience strong growth and adoption. Ethereum remains the dominant blockchain, while BSC and Avalanche are gaining significant traction. Other emerging blockchains such as Solana and Polygon are also steadily making their presence felt in the DeFi landscape.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/daily/3397.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
The Massive Transfer of ARBs from Arbitrum Home Address: What Does it Mean?
On April 1st, according to Spot On Chain monitoring data, approximately 2.7 billion ARBs (approximately $3.72 billion) were transferred from the Arbitrum home address and distribut
-
Mixed Signals in Digital Asset Investment Products
According to the CoinShares report, the net outflow of digital asset investment products last week was 6.8 million US dollars. Among them, the net outflow of B…
-
Bitcoin Exceeds 26K as Daily Trading Volume Reaches 20B
On March 15th, data showed that Bitcoin once exceeded 26000 US dollars yesterday, and the daily trading volume of Bitcoin on the centralized exchange exceeded 20 billion US dollars (USDT and USDC trading pairs), hitting a new 4-month high since the FTX crash. Data: CEX’s Bitcoin daily trading volume exceeded $20 billion, hitting a new high in nearly four months Analysis based on this information:The digital currency market continues to remain positive as Bitcoin, the largest cryptocurrency by market capitalization, exceeded $26,000 on March 15th. This comes after a recent bull run that saw Bitcoin going from $10,000 in October 2020 to this new high in just a few months. The daily trading volume of Bitcoin on centralized exchanges also saw a surge, reaching over $20 billion in both USDT and USDC trading pairs. This marks a new 4-month high since the FTX crash in November 2020, when trading volumes plummeted across many markets. This bullish trend of Bitcoin can…
-
Sweden’s largest pension fund sells all First Republic Bank shares at a loss
According to reports, Alecta, Sweden\’s largest pension fund, sold all its shares in First Republic Bank at a loss of $728 million.
Sweden\’s largest pension fund sells all First Rep -
Digital Currency Group Looks for New Banking Partners for Portfolio Companies
It is reported that after the collapse of Silicon Valley Bank, Signature Bank (SBNY) and Silvergate, Digital Currency Group (DCG) is trying to find new banking partners for portfolio companies. DCG: Santander Bank, HSBC Bank and Deutsche Bank are still willing to provide services for encryption companies Analysis based on this information:Digital Currency Group (DCG), one of the most prominent investment firms in the blockchain industry, is reportedly trying to find new banking partners for its portfolio companies. This comes after the collapse of Silicon Valley Bank, where DCG had a significant number of accounts, and the recent changes in banking relationships with Signature Bank (SBNY) and Silvergate. The shift to new banking partners is expected to help DCG’s portfolio companies, many of which are related to cryptocurrencies or blockchain technology, access the banking services they need to operate and grow their businesses. The collapse of Silicon Valley Bank, which had been one of the largest banks in the blockchain…
-
What mining pools are available for ETH (mining revenue of major ETH mining pools)
What mining pools are available for ETH? The official Ethereum blog released an
-
USDC Transaction Volume Goes Down in Past Month
According to reports, Glassnode data shows that the number of addresses sent by USDC has just reached 1407.131 in the past hour (the average of 7 days), reachi…
-
What does computing power represent (What is the unit of computing power)?
What does computing power represent? The price of Bitcoin reached its all-time h
-
Justin Sun’s Ethereum Pledge through Lido makes 0x611F the 6th Largest Holder of stETH
It is reported that the Web3 knowledge map protocol 0xscope said on social media that the beginning address of 0x611F controlled by Justin Sun has pledged 8800…
-
Table of Content
According to reports, Buncombe County in North Carolina is considering suspending new and existing Bitcoin mining operations in the region for one year. The suspension will give th