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Total Value Locked Across Defi Nears $200 Billion, Non-Ethereum Projects Gather Steam

At the time of writing, the total value locked (TVL) in decentralized finance (defi) is around $176 billion across various blockchains like Ethereum, Binance, Terra, Polygon, Solana, and Avalanche. While Ethereum commands $130 billion of the aggregate total locked, a myriad of other defi-fueled blockchains continue to see TVLs steadily rise.

Total Value Locked Across All Defi Compatible Blockchains

The total value locked (TVL) in defi today has risen to $176.9 billion with a change of 1.07% during the last 24 hours, according to defillama.com statistics. The TVL has been steadily nearing the $200 billion zone and today Uniswap commands 3% dominance among the variety of defi applications. The defi application Aave commands $16.04 billion and Curve captures $13.92 billion today as most of the TVL is locked into application bolstered by the Ethereum chain.

Total Value Locked Across Defi Nears $200 Billion, Non-Ethereum Projects Gather Steam
Total value locked on all chains, according to defillama.com statistics on Sunday.

A number of other chains, however, have been contributing billions to the overall defi TVL. While Ethereum (ETH) has around $130.07 billion on Sunday, the Binance Smart Chain (BSC) has around $19.05 billion TVL. This is followed by Terra ($7.84B), Polygon ($5.34B), Solana ($4.3B), Avalanche ($2.36B) and Klaytn ($1.29B). The latest launch of the Arbitrum mainnet scaling solution for Ethereum has approximately $2,343,531 TVL on Sunday.

Total Value Locked Across Defi Nears $200 Billion, Non-Ethereum Projects Gather Steam
Total value locked on all chains, according to defillama.com statistics.

As far as decentralized exchange (dex) platforms are concerned, Curve has the most TVL today with $13.92 billion followed by the BSC-powered Pancakeswap with $5.94 billion and Uniswap has $5.3 billion TVL. For just the Ethereum chain alone, among 16 different dex platforms, Dune Analytics dex stats show there’s been $19 billion in global swaps during the last seven days. $2.24 billion in 24

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