Decentralized finance (DeFi) has suffered greatly due to the FTX debacle, with the total value locked (TVL) in DeFi, losing 25.5% of its value in 37 days. The TVL in DeFi presently is expected to be $41.67 billion, with a 1.63% drop in the previous 24 hours.
With $6.26 billion in value locked and a dominance rating of 15.02% over the rest of the DeFi protocols’ TVL rankings, the DeFi protocol Makerdao commands the greatest TVL today. According to Defillama.com stats, Makerdao’s TVL has fallen by 8.41% in the previous month. Aave had the greatest monthly loss among the top 10, losing 15.18% of its value in 30 days.
Convex Finance’s TVL metrics, on the other hand, improved by 43.87% in the past month. Ethereum has the greatest value locked out of any blockchain, with $23.98 billion, or 57.55% of the total value locked out today. On December 12, the seven-day volume across all cross-chain bridges is anticipated to be $810.67 million. The total smart contract platform token economy is now $261 billion, down 2.3% in the previous 24 hours.
The smart contract platform token economy has declined 7.77% versus the US dollar in the previous 62 days, from $283 billion to today’s $261 billion. At the time of writing, the most valuable smart contract crypto asset, ethereum (ETH), is down 1.6% versus the US dollar in the last 24 hours.