The total value locked across the entire DeFi ecosystem has improved, jumping over 7% during the last five days.
on the bear market affecting defi negatively and three days later the TVL in defi dropped to a low of $71.98 billion.as the TVL rose from $71.98 billion to today’s $77.16 billion. The Makerdao protocol has the largest TVL out of all the defi projects and dominates by 10.37% this weekend with $8 billion TVL.
Makerdao’s TVL has increased 6.89% during the past seven days. The second largest defi protocol in terms of TVL size is Aave, with $6.59 billion, and Aave recorded a 27.13% increase during the course of the week. As far as blockchain TVL distribution is concerned, Ethereum commands 63.98% with $49 billion TVL.
Binance Smart Chain is the second largest chain by TVL with 7.85% or $6.01 billion locked. After the market capitalization of the top smart contract tokens hit $245 billion last week, the market cap has swelled to $280 billion, up 1.4% during the last 24 hours. Ethereum increased 12.7% against the USD, and BSC jumped 10.5% this past week. Solana swelled by 37.1%, avalanche recorded a 32.2% increase, and polygon rose more than 50% during the seven-day period.during the past week were ronin , zilliqa , and polygon , respectively. Despite smart contract tokens seeing some gains this week and the TVL in defi improving, the TVL across the cross-chain bridge sector is down 60.4% during the past 30 days.
At the time of writing, the cross-chain bridge TVL across 16 different protocols is $11.77 billion in value. Polygon commands the largest cross-chain bridge TVL with $3.6 billion locked on June 25.
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