{"id":13738,"date":"2021-10-29T16:54:13","date_gmt":"2021-10-29T16:54:13","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/total-value-locked-in-cross-chain-defi-bridges-exceeds-22-billion-jumping-48-in-30-days\/"},"modified":"2021-10-29T16:54:13","modified_gmt":"2021-10-29T16:54:13","slug":"total-value-locked-in-cross-chain-defi-bridges-exceeds-22-billion-jumping-48-in-30-days","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/total-value-locked-in-cross-chain-defi-bridges-exceeds-22-billion-jumping-48-in-30-days\/","title":{"rendered":"Total Value Locked in Cross-Chain Defi Bridges Exceeds $22 Billion, Jumping 48% in 30 Days"},"content":{"rendered":"

On October 29, the total value locked (TVL) in decentralized finance (defi) protocols is around $243 billion with Curve capturing 7.76% of the dominance. Meanwhile, as ethereum has the largest dominance of TVL in defi, a number of alternative blockchains are seeing significant increases every week. Moreover, the TVL in cross-chain bridge technology has reached $22.48 billion, up 48.8% over the last month.<\/strong><\/p>\n

Defi Total Value Locked Hovers Above $240 Billion \u2014<\/span> Avalanche, Fantom, Polygon, Tron, Arbitrum TVLs in Defi Increase<\/h2>\n

The total value locked in decentralized finance apps has continued to climb higher this year reaching new heights. Data from defillama.com<\/a>\u2019s dashboard shows the TVL on Friday is $243 billion with Curve\u2019s $18.91% commanding a 7.76% dominance rating. The defi protocol Curve supports seven different blockchains, which means users can access cross-chain bridge technology to leverage the decentralized exchange (dex).<\/p>\n

Statistics indicate that Ethereum (ETH<\/a>) is still the dominant defi chain with $164.75 billion worth of the $243 billion TVL in defi aggregate. Despite Ethereum making up a large portion of the defi pie, blockchains like Avalanche, Fantom, Polygon, and Tron have seen TVLs increase a great deal this past week. Avalanche\u2019s TVL in defi increased by 10.44% during the last seven days, while Tron\u2019s TVL in defi spiked by 18.76%.<\/p>\n

Cross-Chain Bridge TVLs Spike by 48% This Month \u2014 <\/span>Over $22 Billion Total Value Locked<\/h2>\n

Fantom\u2019s TVL saw a significant jump this past week gathering 31.21% more in TVL. Meanwhile, Solana and Terra saw much smaller increases this past week as Solana captured 0.44% and Terra only jumped by 0.79%. Arbitrum saw a TVL increase of around 24.58% this week and Polygon (MATIC) lifted by 4.41%. The TVL on the Binance Smart Chain (BSC) dipped this week losing 6.15%, but it is still the second-largest defi TVL after Ethereum.<\/p>\n

This week the TVL in cross-chain bridges swelled by 48.8% over the last month and on Friday, the cross-chain bridge TVL is $22.48 billion. Statistics from Dune Analytics<\/a> show Ronin bridge increased by 2% this past week with $5.3 billion. Dune Analytics cross-chain bridge dashboard called \u201cBridge Away (L1 Ethereum)\u201d shows 16 different bridges from chains like Avalanche, Arbitrum, BSC Anyswap, Boba Network, Fantom Anyswap, Harmony Bridges, and more.<\/p>\n

Assets that command the most activity in cross-chain bridges include tokens like WETH, ETH<\/a>, AXS, USDC, WBTC, MATIC, USDT<\/a>, and DAI respectively. In terms of WETH\/ETH<\/a> the TVL in cross-chain bridges is around $7,062,594,503 on Friday morning.<\/p>\n

What do you think about the amount of funds increasing in cross-chain bridge technology during the last month? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nDefi, Arbitrum Bridges, Avalanche Bridge, Blockchain, Bridge, Bridges, Cross-chain, Dmitriy Berenzon, ETH, Fantom Anyswap Bridge, Harmony Bridges, Multi-Chain, multi-chain ecosystem, Near Rainbow Bridge, Optimism ERC20 Bridges, Polygon ERC20 Bridge, Research, researcher, Solana Wormhole, study, WBTC, WETH, wrapped bitcoin<\/p>\n","protected":false},"excerpt":{"rendered":"

On October 29, the total value locked (TVL) in decentralized finance (defi) protocols is around $243 billion with Curve capturing 7.76% of the dominance. Meanwhile, as ethereum has the largest dominance of TVL in defi, a number of alternative blockchains are seeing significant increases every week. Moreover, the TVL in cross-chain bridge technology has reached…<\/p>\n","protected":false},"author":0,"featured_media":13739,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-13738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13738"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=13738"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/13739"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=13738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=13738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=13738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}