Since last month, Lido’s TVL has increased by 9%, with a modest weekly growth of 2.42%.

Ethereum has a market size of $28.66B or more than 58% of the total DeFi market cap.

On Saturday, May 6, 2023, the total TVL across all DeFi platforms was $49.31 billion, with Lido Finance in the lead with a 24.82% stake, or $12.24 billion.  Since last month, Lido’s TVL has increased by 9%, with a modest weekly growth of 2.42%.

MakerDAO, Aave, Curve Finance, and Uniswap round out the top five prospects in DeFi landscape, with three of the four seeing monthly declines and Uniswap being the only exception with a gain of 3.48% over the previous 30 days.

Ethereum Leads the Way

With a market size of $28.66 billion, or more than 58% of the total DeFi market cap, Ethereum is the clear winner in this TVL. After Ethereum, there are a number of additional competitors with high TVL numbers, including Tron, BSC, Arbitrum, and Polygon.

There were monthly increases of 7.77% and 9.98% for Tron and Arbitrum, respectively. With a decline of 6.52 percent from the previous month, BSC is the top DeFi-chain loser in terms of TVL.

Of the total $49.31 billion now locked in DeFi systems, a sizeable $16.416 billion worth of ETH (8,550,940 ETH) is held in liquid staking platforms. Lido, Coinbase, Rocket Pool, Frax, and Stakewise are the most popular liquid staking platforms for Ethereum.

Gains of 29.75% and 39.49% in the last 30 days have been recorded by Rocket Pool and Frax, respectively. In addition, Ethereum has the most DeFi apps, with 771 in total. There are around 332,548 people using Ethereum’s decentralized applications right now. The TVL in DeFi has increased in 2023, although it has not yet broken the record of $53 billion it set in 2022.

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Filed under: Bitcoin - @ May 7, 2023 6:00 pm