Ethereum Dominates DeFi TVL and Curve Becomes Leading Protocol as 2021 Comes to a Close

The total value locked on DeFi protocols as of December 20, 2021 stands at over $240 billion – a decline from $261.32 billion in December 2021 alone.

According to the latest stats, the Curve lending protocol leads with 9.19% of all that value, with a TVL of $21.54 bilion.

Compared to 7 days ago, Curve’s TVL has increased by 0.86% while the value has decreased by -1.80 over the last 24 hours.

The top 5 protocols in TVL have not changed apart from InstaDapp which has taken 5th spot as wBTC network has continued to shed falling by 2.71% in the last 24 hours alone.

___________________________________________________________________

SEE ALSOEthereum Hits All-Time High Gaining Over 140% in Just 3 Months

___________________________________________________________________

Below are the leading DeFi protocols as 2021 comes to a close:

  • Curve – Over $21B
  • MakerDAO – Over $17B
  • Convex Finance – Over $16B
  • Aave – Over $13B
  • InstaDapp – Over $12B
  • wBTC – Over $11B

Ethereum remains by far the leader when it comes to where the DeFi action is taking place, responsible for 62.80% of all value locked in DeFi – about $147.19 billion.

This value is held in 361 protocols.

Top Blockchains on DeFi activity

Still, Ethereum’s hold in DeFi has continued to decline thanks to new ecosystems that have continued to attract DeFi players.

The Terra ecosystem catches the eye, with a 34% climb in activity in the last seven days, to hit $17.12 billion in TVL with just 13 protocols.

Rounding off the top 5 DeFi ecosystems are BSC, Avalanche and Solana.

___________________________________________________________________

RECOMMENDED READINGThe NFT Space Grew Over 700% While DeFi TVL Rose Over 50% in Q3 2021, Reveals Latest DappRadar Report

___________________________________________________________________

Thank you for your support by helping us create content:

BTC address: 3CW75kjLYu7WpELdaqTv722vbobUswVtxT

____________________________________________________________________

Follow us on Twitter for latest posts and updates

Join and interact with our Telegram community

_____________________

Subscribe to the channel below to keep updated on latest news on video:

____________________________________________________________________

Advertise on Bitcoinke