This weekend, the total value locked in DeFi has managed to jump above the $200 billion zone.
The total value locked in decentralized finance has managed to jump above the $200 billion zone, as crypto markets have rebounded from the market downturn last week. A number of native assets from the $611 billion worth of smart contract protocols have seen double-digit gains with cypherium , counterparty , and terra leading the pack.Crypto markets have recovered after initially dropping after Russia invaded Ukraine three days ago and the rebound has pushed defi value up as well.
Ethereum dominance, in terms of the TVL in defi today, is 55.94% with the current $112.36 billion TVL. Terra’s the second-largest blockchain TVL in defi on Sunday with $20.17 billion which is 10.04% of the TVL in defi. In terms of smart contract coins, cypherium was this week’s biggest gainer with a 330% gain. The smart contract coin, in terms of this week’s second-largest gains, is the old-school token counterparty . Counterparty has jumped 54% higher in value against the U.S. dollar during the last seven days.
Presently, there’s $23.63 billion TVL across cross-chain bridge platforms today up 16.6% since last week. The count of unique bridge deposit addresses during the last month is 57,911 addresses.
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