THELOGICALINDIAN - In midMarch the top bristles blockchains in agreement of absolute amount bound TVL in decentralized accounts defi currently command added than 82 of the 198 billion TVL in defi beyond all blockchains Each of these chains offers altered types of defi protocols like decentralized barter dex platforms and lending applications acceptance bodies to baptize their affairs in assorted ways
5 Blockchain Networks, 21 Defi Protocols
Today, there’s aloof beneath $200 billion in defi and that’s aloof the absolute amount bound (TVL), as it doesn’t accommodate the ample abundance of tokens angry to these specific protocols. Right now, bristles altered blockchain TVLs represent 82% of the $198 billion bound in defi protocols. The chains accommodate Ethereum, Terra, Binance Smart Chain, Avalanche, and Solana.
Ethereum currently holds the better TVL with $108.51 billion or 54.59% of the amount bound in defi protocols. On March 14, the top decentralized barter (dex) belvedere angry to Ethereum is Curve Finance, with its $17.72 billion in TVL. Ethereum’s top collateralized debt position (CDP) appliance is Makerdao, which is aloof beneath Curve as the second-largest TVL in defi today.
In agreement of aqueous staking, Lido is the top defi agreement and Convex Finance is Ethereum’s top agreement for yield. Lastly, Ethereum’s better lending agreement is the defi appliance Aave, with its $11.35 billion TVL.
The second-largest alternation in agreement of TVL in defi is Terra, with $25.79 billion or 12.98% of the accumulated TVL. Terra’s best accepted dex is Astroport, and Lido is the better in agreement of aqueous staking. In agreement of yield, Pylon Protocol is Terra’s best accepted artefact with the accomplished TVL.
Currently, there is no CDP appliance for Terra but the blockchain’s better lending appliance is Anchor with $13.03 billion absolute amount locked. The defi lending agreement Anchor has apparent a 63.23% TVL access during the aftermost 30 days.
The Binance Smart Chain (BSC/BNB) is the third-largest blockchain today in agreement of defi TVL with $11.73 billion or 5.9% of the accumulated captivated in defi. The top dex on BSC is Pancakeswap, and the better CDP appliance is the Mars Ecosystem.
There’s no aqueous staking via BSC but in agreement of yield, Alpaca Finance is the better on the network. When it comes to defi lending, the better agreement in agreement of amount bound on BSC is Venus.
Avalanche holds the fourth-largest position in decentralized accounts this anniversary with $10.88 billion or 5.47% of the $198 billion bound in defi protocols. Today’s top Avalanche dex appliance is Trader Joe and the blockchain’s best accepted CDP is Defrost.
In agreement of yield, the agreement Crop Yak is the baton on Avalanche, and Benqi holds the top aqueous staking position. Like Ethereum, Aave is the better lending agreement on Avalanche at the time of writing.
Lastly, Solana is the fifth-largest defi blockchain in mid-March 2022 with a $6.69 billion TVL or 3.37% of the accumulated captivated in defi today. Solana’s top dex is Serum and the blockchain’s CDP baton is Parrot Protocol.
Marinade Finance leads Solana’s aqueous staking apps and Quarry is the arch agreement in agreement of yield. The better lending appliance on Solana this anniversary is Solend with $575.3 actor locked.
Besides the Top 5 Chains, There Are Still Dozens of Networks and 862 Lending, CDP, Yield, Liquid Staking, and Dex Applications to Choose From
While the bristles altered blockchains and the dozens of above protocols is area best of the money is in defi today, there’s a ample array of added blockchains and applications available. At the time of writing, there are 384 dex applications that acquiesce bodies to bandy bill and there are 125 lending defi protocols that acquiesce bodies to borrow and accommodate crypto. 328 defi apps action some array of crop and there are 16 altered aqueous staking apps. Furthermore, there’s at atomic 30 altered CDP protocols that affair stablecoin assets via collateralized backing.
What do you anticipate about the top bristles blockchains alms altered applications for dex platforms, CDPs, aqueous staking, yield, and lending? Let us apperceive your thoughts about this accountable in the comments area below.
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