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The total locked value in DeFi protocols exceeded $50 billion

DeFi: The total locked value in DeFi protocols exceeded $50 billion

The top 10 #DeFi protocols have seen impressive growth over the past month, led by two leading liquid staking applications. Market leader #Lido increased its total value locked (TVL) by 20.17%, while for #MakerDAO the number increased by 5.46%.

TVL of Justlend protocol on Tron increased by 6.93%, and #Aave increased by 8.61%. Uniswap, which ranks fifth in terms of TVL size, has seen growth of 15.16% over the past month, while Summer Finance has seen an increase of 18.62%.

The total locked value in DeFi protocols exceeded $50 billion
Source: defillama.com

The only exception in the top 10 was the STUSDT protocol, which showed a slight decrease of 0.33% compared to the previous month. It is also worth noting the significant double-digit growth of the Spark and Blast protocols.

As for Juststables, its TVL has decreased by 29.95% in the last 30 days; A similar trend was demonstrated by #Tron's SUN protocol, which recorded a drop of 23.77%. As of Sunday, #Ethereum was the leader in the DeFi space, holding 56.52% of the sector's total value, followed by Tron with 15.74% and BSC with 6.13%.

While Ethereum's TVL is up 26.48%, Tron has lost 3.29% over the past month. After #BSC, the top 10 TVL rankings for DeFi protocols include #Polygon (4.58%), #Fantom (4.50%), #Avalanche (3.34%), #Solana (2.92%) and #Harmony ( 1.14%).

All of these protocols have also seen significant growth over the past month. The overall TVL growth in the DeFi sector over the past month was 15.98%, indicating the continued growth in the popularity and attractiveness of DeFi applications for users.

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