Total Value Locked (TVL) Sunk More than $20 Billion in April

2022-5-3 00:45

The bearish trends of the market which have seen several cryptocurrencies reach new high lows were reflected in the overall total value locked in April. 

Total Value Locked (TVL) has been the standard for measuring the success of decentralized protocols (dApps). According to BeInCrypto Research, there was a plunge in TVL throughout April. The total value locked by the end of the month was in the region of $202.55 billion. This was a 9% decrease from TVL on the first day of the month, which was approximately $223.99 billion. 

Source: DeFiLlama

Total value locked (TVL) is the total value of crypto assets deposited in decentralized finance protocols. TVL can also be said to represent the sum of all staked crypto assets that earn rewards and interests through decentralized protocols. 

What contributed to the decrease in total value locked? 

A drop in TVL in nine of the top ten decentralized protocols can largely be attributed to the cause of the decline in overall total value locked. 

Curve (CRV) remained the dApp with the most value locked in April. On April 1, 2022, Curve TVL was approximately $20.76 billion. On April 30, 2022, Curve TVL was around $19.53 billion. 

Lido Protocol (LDO) retained its position as the dApp with the second-most value locked in April. On April 1, 2022, Lido TVL was in the region of $18.77 billion. On April 30, 2022, Lido TVL was $17.67 billion. Similar drops in TVL were seen across the board during the month of April.

TVL declines across the board

MakerDAO TVL started April with $14.93 billion. However, by the end of the month, it had declined to $13.38 billion. Similar drops were seen with Aave (AAVE) which dropped from $13.77 billion, down to $11.92 billion. Compound (COMP) declined from $6.7 billion during the same time period, down to $5.93 billion.

Convex Finance (CVX), Uniswap (UNI), PancakeSwap (CAKE), and Instadapp (INST) all witnessed declines in TVL as well. Losing $660M, $170M, $230M, and $770M respectively.

Despite the drop in TVL in the above protocols, the Anchor Protocol brought gains. On April 1, 2022, Anchor TVL was $15.15 billion and on the last day of the month, Anchor TVL rose to around $16.6 billion. 

Source: DeFiLlama

What do you think about this subject? Write to us and tell us!

The post Total Value Locked (TVL) Sunk More than $20 Billion in April appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

pxUSD Synthetic USD Expiring 1 April 2021 (PXUSD_MAR2021) на Currencies.ru

$ 1.1454 (-0.84%)
Объем 24H $0
Изменеия 24h: 7.63 %, 7d: 11.97 %
Cегодня L: $1.1454 - H: $1.1454
Капитализация $0 Rank 3882
Доступно / Всего 0 PXUSD_MAR2021

billion april total value locked tvl sunk

Источник: beincrypto.com

billion april → Результатов: 126


Beyond DEX: The Future of Crypto Trading on Solana Is Called Secretum

Crypto asset trading has continued to skyrocket in 2021, hitting new and unprecedented records: Volumes reached $3. 8 trillion in April 2021 when bitcoin hit its all-time high. Between August 2020 to 2021, the traded value on large decentralized exchanges (DEXs), like Curve, Uniswap, and PancakeSwap grew by about 550% Major centralized exchange (CEX) Binance’s spot cryptocurrency trading volumes totaled $789 billion in September, versus $454 billion (€390.

2021-12-9 13:07


Фото:

Announcing the Launch of the PLS2E.io, “GameFi” is all the rage!

Since 2020, blockchain technology has made significant progress in Decentralized Finance, or DeFi. After two years of deliberate movement in DeFi, a phenomenal outburst has occurred. According to the data, DeFi Tokens’ market value had risen from US$1 billion in April 2020, to about US$10 billion in July 2020, which increased over 10 times within 3 […]

2021-11-22 14:00


Фото:

ConsenSys Seeks Fresh Funding at a $3 Billion Valuation

ConsenSys is in talks to organize funding round at a valuation of $3 billion, according to a Financial Times report on October 12, 2021. ConsenSys Nursing Expansion Plans After successfully raising $65 million last April from notable global brands and blockchain-focused VC firms, including Mastercard, JPMorgan, UBS, the Maker Foundation, Protocol Labs, Fenbushi Capital. TheRead More

2021-10-13 04:00


ConsenSys Is Planning to Raise Funds at a Valuation of $3 Billion

ConsenSys is in talks to raise $250 million at a valuation of $3 billion, according to the latest reports. Arca and Golden Tree Asset Management are reportedly taking part in this round. In April this year, the company had raised $65 million in a “formation round” from traditional finance giants including JPMorgan, Mastercard, UBS, and […] The post ConsenSys Is Planning to Raise Funds at a Valuation of Billion first appeared on BitcoinExchangeGuide.

2021-10-12 17:37


Фото:

$3.6 Billion: These South African Brothers May Have Just Pulled Off One Of The Biggest-Ever Bitcoin Heists

Ameer and Raees Cajee, co-founders of South African crypto investment platform Africrypt have reportedly disappeared with about 69,000 BTC valued at $3.6 billion amid the April rally. Notably, the siblings first raised suspicion earlier this year when they claimed that their firm had been the victim of a hack in April. The suspicions deepened when […]

2021-6-25 23:24


Фото:

Fed Begins to Taper QE- US Central Bank Removes $351 Billion in Liquidity via Reverse Repos

After pumping extreme amounts of liquidity into markets, the U.S. Federal Reserve seems to be tapering back monetary easing policy via reverse repos (RRP). Following this week’s published minutes report from the Fed’s April monetary policy meeting, it seemed as though members of the central bank were prepared to discuss rolling back large-scale Treasury and […]

2021-5-23 23:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum (ETH) TVL Loses More Than $2.9B as Merge Approaches

Ethereum saw a further decline in total value locked a few days to the highly anticipated “Merge” due to a continuous drop in the amount of liquidity poured into decentralized finance (DeFi).   The post Ethereum (ETH) TVL Loses More Than $2.

Aave Plunges $5 Billion in Total Value Locked (TVL)

Aave total value locked (TVL) sunk to new high lows in the last week of May following negative crypto market sentiment.  The post Aave Plunges $5 Billion in Total Value Locked (TVL) appeared first on BeInCrypto.