The total value locked (TVL) across 118 different blockchains has slipped below the $100 billion mark to today’s $74.27 billion.
on how defi and smart contract coins got slammed by significant blows and at the time, there was still $104 billion in value locked into a myriad of defi protocols., down 70.74% since the all-time high 197 days ago on December 2, 2021. The defi protocol Makerdao dominates the pack with 10.43% in terms of the application’s TVL of $7.75 billion out of the $74.27 billion.
The total value locked in decentralized finance, according to defillama.com metrics on June 17, 2022. During the past 24 hours, the entire TVL across 118 different blockchain networks dropped by 6.03%. Makerdao’s TVL shed 15.19% during the past seven days and the second-largest protocol in terms of TVL size Aave lost over 40% last week.size out of all the blockchains with $47.33 billion or 64.18% of the aggregate locked.
The second-largest defi blockchain as far as TVL size is concerned is Binance Smart Chain with $6.06 billion or 8.22% of the $74.27 billion locked in defi today.Tron is the third-largest blockchain network in terms of TVL size with 3.99 billion or 5.42% of the aggregate locked across the 118 chains.
The tokens often leveraged in defi, smart contract platform coins have also shed more than 70% since December. At that time, the market capitalization of all the smart contract platform tokens was