On Sunday, April 3, the total value locked (TVL) in decentralized finance (defi) has risen to $231 billion. The TVL is nearing the all-time high (ATH) of $256 billion recorded on December 2, 2021, as it’s only 10.82% under the TVL’s ATH. Additionally, while Curve Finance continues to dominate in terms of TVL, the defi applications Lido and Anchor have moved up the ladder, and they now command the second and third-largest positions.
For quite some time during the last year, Makerdao was the second-largest defi protocol in terms of TVL but today, that’s not the case anymore. As of April 3, the defi application Lido is the second-largest defi TVL with $20.43 billion.
In fact, the pace of Lido’s TVL growth increase indicates it could surpass Curve Finance in the near future. Over the last month, Lido’s TVL, which supports four different blockchains, increased by 59.78%.
Then there is Anchor, which now supports two blockchain networks (Terra and Avalanche), and has become the largest defi lending application in the space. In terms of a general defi TVL, Anchor is the third-largest today with $15.83 billion locked. Anchor has also seen a significant jump during the last 30 days, as Anchor’s TVL has spiked 37.45% since then.
According to defillama.com data, Makerdao is now the fourth-largest TVL in defi this weekend, with around $15.77 billion in value locked. The protocol, Makerdao, has recorded a 4.09% TVL increase during the last month.
Value Locked in Defi Rises, Lido and Anchor TVLs Move up the Ladder
Currently, the total value locked (TVL) in defi on Sunday is roughly $231 billion and Curve Finance dominates by 9.20% with its $21.3 billion TVL. Curve is a defi application that supports nine different blockchain networks and over the last month, Curve’s TVL has increased by 19.14%.
For quite some time during the last year, Makerdao was the second-largest defi protocol in terms of TVL but today, that’s not the case anymore. As of April 3, the defi application Lido is the second-largest defi TVL with $20.43 billion.
In fact, the pace of Lido’s TVL growth increase indicates it could surpass Curve Finance in the near future. Over the last month, Lido’s TVL, which supports four different blockchains, increased by 59.78%.
Then there is Anchor, which now supports two blockchain networks (Terra and Avalanche), and has become the largest defi lending application in the space. In terms of a general defi TVL, Anchor is the third-largest today with $15.83 billion locked. Anchor has also seen a significant jump during the last 30 days, as Anchor’s TVL has spiked 37.45% since then.
According to defillama.com data, Makerdao is now the fourth-largest TVL in defi this weekend, with around $15.77 billion in value locked. The protocol, Makerdao, has recorded a 4.09% TVL increase during the last month.
