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Approximately nine days ago, the total value locked (TVL) in decentralized finance (defi) across various blockchains was around $176 billion. At that time, bitcoin ($49,937) and ethereum ($3,886) fiat values were much higher. Despite the fact that the crypto economy and these coins have dipped in value, the TVL across defi has continued to rise, climbing more than 5% to $185.32 billion.

Defi TVL Across All Chains Rises by More Than 5% Over 9 Days

Decentralized finance (defi) has attracted billions of dollars and at the time of writing, the total value locked across a myriad of blockchains is around $185.32 billion. That’s approximately 5.113% higher than the TVL was nine days ago.

As the Crypto Economy Slumps, Total-Value Locked in Defi Continues to Rise
At the time of writing, the TVL held in defi is $185 billion and more than 5% higher than it was nine days ago.

Statistics from the dashboard indicate that there’s been a 2.10% rise during the last day and the defi platform Aave has the highest dominance level in terms of TVL (7.40%). In the last day, Aave has increased 2.69%, but seven-day metrics indicate that Aave’s TVL is down 4.23% to $13.1 billion.

One would assume that the TVL held in defi would have dropped in value after the price of ethereum (ETH) shed a few percentages in value. However, that’s not the case, because a number of other blockchains saw TVL values rise.

As the Crypto Economy Slumps, Total-Value Locked in Defi Continues to Rise
Total value locked on all defi compatible blockchains on Tuesday.

In our last report on the subject, there was around $130 billion in ether locked in defi. Today, metrics show that the current ether TVL is $128.1 billion. Seven-day ether TVL changes show ether’s TVL slipped by 0.23% and Solana’s TVL jumped by 100% in

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currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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