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- The value locked in decentralized finance (Defi) protocols across a variety of blockchains grew to $239.44 billion on Saturday, January 15, 2022, from $233.95 billion on January 8.
- Today, The curve has a 9.76 percent total value locked (TVL) domination, with a TVL of $23.38 billion.
- Meanwhile, the top nine smart contract platforms’ native assets have strengthened their seven-day gains from the previous week’s price drop.
Defi TVL is up by 2.3 percent
The TVL measure in Defi was $233.95 billion on January 15, up 2.34 percent from the previous day’s figure of $233.95 billion. On the Ethereum blockchain, there is now $239.44 billion and $146.54 billion. On Saturday, Ethereum held 62.63 percent of the entire wealth locked in decentralized finance in terms of TVL.
Weekly data show that today’s leading smart contract platform tokens are increasing in value versus the US dollar. The top three tokens, ethereum (ETH), Binance coin (BNB), and Solana (SOL), all climbed this week by 5.1 percent, 11.4 percent, and 8.7 percent, respectively.
The largest gainers in the top nine, such as near (NEAR) and terra (LUNA), climbed 31.3 percent and 23.5 percent, respectively, this week. Polygon (MATIC) grew by 15.5 percent against the US dollar, while Polkadot (DOT) increased by 10.3 percent.
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Terra’s TVL in Defi climbed by 22.03 percent
Terra has the second-largest TVL, with $19.01 billion, although that only accounts for 8.12 percent of the total TVL in Defi.
This week, Terra’s TVL in Defi climbed by 22.03 percent, while Binance Smart Chain (BSC) is in second place with $15.21 billion.
Meanwhile, Fantom’s TVL increased by 26.33 percent to $7.12 billion this week, passing Terra’s. In its Defi procedures, Osmosis (OSMO) climbed 18.60 percent this week, reaching a $1.36 billion TVL.
Except for Ethereum, BSC, and HECO, a lot of Defi chains had their TVL rise this week. Terra, Avalanche, Solana, Fantom, Polygon, Tron, Arbitrum, Cronos, Osmosis, Klaytn, Waves, and Harmony are among the Defi chains that have seen a rise in TVL.
Ethereum’s NFT sales have increased by 51.29 percent
Ethereum is the most popular chain in terms of non-fungible token (NFT) sales across the various blockchain networks. NFT sales on networks like Solana, Ronin, Flow, and Wax follow Ethereum’s NFT sales.
Over the last 24 hours, Ethereum’s NFT sales have increased by 51.29 percent, while Tezos’ NFT sales have increased by 33.16 percent. In addition, the Looksrare NFT market continues to experience a far greater daily volume than Opensea’s 24-hour NFT market.
The 24-hour volume for Looksrare was $504.37 million, while the 24-hour volume for Opensea was $166.09 million.
Polygon ($6.3 billion), Avalanche ($5.5 billion), Ronin ($4.9 billion), Arbitrum ($3.2 billion), and Fantom ($1.9 billion) are the top five largest TVLs in cross-chain bridges.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
