{"id":13931,"date":"2021-11-04T05:54:03","date_gmt":"2021-11-04T05:54:03","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/total-value-locked-in-defi-reaches-250-billion-uniswap-quickswap-trader-joe-dominate-dex-volumes\/"},"modified":"2021-11-04T05:54:03","modified_gmt":"2021-11-04T05:54:03","slug":"total-value-locked-in-defi-reaches-250-billion-uniswap-quickswap-trader-joe-dominate-dex-volumes","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/total-value-locked-in-defi-reaches-250-billion-uniswap-quickswap-trader-joe-dominate-dex-volumes\/","title":{"rendered":"Total Value Locked in Defi Reaches $250 Billion \u2014 Uniswap, Quickswap, Trader Joe Dominate Dex Volumes"},"content":{"rendered":"

During the second week of October, the total value locked (TVL) in decentralized finance (defi) protocols crossed $200 billion, and two weeks later in November, the TVL in defi surpassed $250 billion gaining 25% in value. Meanwhile, Ethereum commands more than 67% of the $253 billion TVL in defi today, gaining 4.65% during the last seven days while Solana\u2019s TVL increased by 5.99% this past week.<\/strong><\/p>\n

Defi TVL Increases by 25% in 2 Weeks<\/h2>\n

The total value locked (TVL) in defi has reached an all-time high, tapping $253.94 billion on November 3, 2021. On October 12, Bitcoin.com News reported on the defi TVL surpassing $200 billion and in two weeks the value has expanded by 25%. Value expansion is not only due to more value being added to defi protocols, but crypto assets like ethereum (ETH)<\/a>, solana (SOL)<\/a>, and avalanche (AVAX)<\/a> have seen significant gains. Today, the TVL on the Ethereum blockchain is 67% or $171.24 billion<\/a>, according to defillama.com stats.<\/p>\n

The second-largest defi blockchain in terms of TVL is the Binance Smart Chain (BSC) with $19.5 billion, which is 7.707% of the entire defi TVL today. Solana\u2019s TVL, which increased by 5.99% this past week, is $14.12 billion on Wednesday, which is 5.58% of the aggregate in defi. Tron saw a large increase of 28.9% as the blockchain\u2019s defi TVL is $6.11 billion. The Arbitrum One chain has jumped to all-time highs with $2.69 billion TVL, up 16.19% during the course of the trailing week.<\/p>\n

Defi Report Shows Binance Smart Chain, Ethereum, Polygon Daily Transactions Rise<\/h2>\n

The \u201cDefi Weekly Report\u201d series published by Coin98 Analytics indicates that the BSC decentralized exchange (dex) Pancakeswap has reached \u201c600,000+ daily active users.\u201d Moreover, the 43rd Coin98 Analytics\u2019 defi report<\/a> notes that BSC active addresses tapped 1.9 million wallets per day. The researchers detail that alongside the increase of active addresses, BSC also saw a spike in daily transactions.<\/p>\n

\u201cThe daily transactions [from the] Binance Smart Chain increased in line with the number of daily active addresses, reaching 10.8 million transactions this week,\u201d the 43rd Coin98 Analytics\u2019 defi report details. \u201cEthereum and Polygon are also showing signs of growth in daily transaction volume this week as Ethereum hit 1.5 million transactions\/day (+18.26%) and Polygon reached 4.6 million transactions\/day (+39.94%),\u201d the researcher\u2019s study adds.<\/p>\n

Curve, Uniswap, Quickswap, Trader Joe Defi Activity Expands<\/h2>\n

On Wednesday, the defi protocol Curve recorded a seven-day increase of 9.28%, with Curve\u2019s TVL at $19.94 billion. Curve has a dominance of 7.87% according to today\u2019s metrics and the dex supports seven different blockchains. The largest dex in terms of swap volumes is Uniswap<\/a> during the last 30 days with $16.53 billion in global trade volume.<\/p>\n

Polygon\u2019s (MATIC) popular dex protocol, Quickswap, has seen $3.61 billion in global trade volume during the last months. The Avalanche-based dex Trader Joe is the third-largest in terms of 30-day volume with $1.96 billion, according to dappradar.com\u2019s decentralized exchange rankings<\/a>.<\/p>\n

What do you think about the overall increased activity and value in the land of decentralized finance right now? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nDefi, active addresses, Arbitrum, Arbitrum One, Avalanche, AVAX, Binance Smart Chain, Blockchain, BSC, Coin98 Analytics, daily transactions, decentralized finance, Decentralized finance (Defi), DeFi, Defi protocols, defi report, defi swaps, defi volumes, ETH, Ethereum, Pancakeswap, Polygon, Quickswap, SOL, Solana, study, Trader Joe<\/p>\n","protected":false},"excerpt":{"rendered":"

During the second week of October, the total value locked (TVL) in decentralized finance (defi) protocols crossed $200 billion, and two weeks later in November, the TVL in defi surpassed $250 billion gaining 25% in value. Meanwhile, Ethereum commands more than 67% of the $253 billion TVL in defi today, gaining 4.65% during the last…<\/p>\n","protected":false},"author":0,"featured_media":13932,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-13931","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\/13931"}],"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=13931"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/13931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/13932"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=13931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=13931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=13931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}