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Value Locked in Defi Drops Below $200 Billion, April’s Dex Trade Volume Drops 21% Lower Than March

While the crypto economy shed billions this week, the total value locked (TVL) in decentralized finance protocols slipped under the $200 billion range to $196.6 billion. The TVL in defi lost roughly 3.16% during the last day, and the $592 billion in smart contract protocol tokens dropped in value by 3.5% over the last 24 hours.
Defi TVL Slips Below $200 Billion, Numerous Protocols Shed Billions, Dex Trade Volume Dives
The value locked in defi has slipped under the $200 billion mark for the first time since March 16, 2022. At the time of writing the total value locked (TVL) is roughly $196.6 billion, down 3.16% during the last 24 hours.
All ten of the top defi protocols, except for Anchor, have seen significant 30-day TVL percentage declines. Curve Finance is down 11.74%, Lido has lost 13.73%, Makerdao shed 16.81%, and Convex Finance has lost 10.59% since last month.
The biggest loser during the last 30 days is the Aave Protocol which lost 21.98% since last month. Curve Finance is the leading defi protocol as it dominates by 9.56% with today’s TVL of around $18.8 billion.

The TVL held on Ethereum-based defi protocols still rules the roost today with 55.55% dominance or $109.21 billion today. Terra blockchain is the second largest in terms of defi TVL with 14.36% of the $196.6 billion. Terra’s TVL today equates to $28.23 billion and $16.48 billion resides in Anchor.
Behind Ethereum and Terra, in terms of defi TVL size, includes blockchains such as BSC ($12.04B), Avalanche ($9.38B), and Solana ($6.09B).

The top five defi protocols, in terms of defi TVL size, includes Curve, Lido, Anchor, Makerdao, and Convex Finance. Terra’s Anchor Protocol saw a 30 day TVL increase of around 4.15% last month.
Aave version three (v3) saw a significant increase during the last 30 days despite the original shedding 21.98%. Aave v3 has a TVL today of around $1.38 billion, up 2,711% since last month.

Statistics show that on Saturday, May 1, 2022, there’s 428 decentralized exchange (dex) platforms with a combined TVL of around ​​$61.44 billion. There’s also 142 defi lending protocols with $48.87 billion total value locked.
Data further shows that dex trade volume dropped during the month of April. In March dex volume was around $117 billion and statistics show that April’s dex trade volume was only around $92.18 billion.
What do you think about the value locked in defi slipping below the $200 billion range this week? Let us know what you think about this subject in the comments section below.
Crypto-Content.com: News Bitcoin

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