Relatively Unknown Protocols Push TVL in Defi Above the $200 Billion Range – Defi Bitcoin News


On February 15, the total value locked (TVL) in decentralized financial (challenge) platforms is just above the $ 200 billion range, after a brief decline below that region last week. Of the total TVL in challenge today, Ethereum commands 59.22% of that value with 532 challenge protocols. Metrics over the past seven days show that a number of relatively unknown challenge protocols have attracted significant TVL percentage gains.

Challenge TVL Climb Over 3%, $ 4.5 Billion in 24-Hour Dex Trading Volume

The total value locked in (TVL) in challenge today is around 3.3% over the last 24 hours with $ 208.45 billion. The challenge protocol with the largest TVL is Curve Finance, which dominates at 9.48% with $ 19.75 billion.

Curve TVL is up 1.22% this week across eight different blockchain networks. Curve’s TVL follows Makerdao, Aave, Convex Finance, WBTC and Lido respectively.

While Ethereum has 59.21% of TVL in the challenge today with $ 123.45 billion, the second largest blockchain TVL in the challenge is held by Terra. The Terra blockchain network has $ 15.05 billion locked in and the Anchor challenge protocol commands 55.81% of that value.

Each TVL channel on February 15, 2022, according to statistics from

Terra is followed by Binance Smart Chain (BSC) with $ 13.36 billion, Avalanche with $ 10.8 billion, Fantom with $ 8.46 billion, and Solana with $ 8.07 billion total value locked.

As of February 15, there are 362 decentralized exchange (dex) platforms with a combined $ 70.24 billion TVL that allow people to exchange tokens in a decentralized fashion.

Today, there are $ 4.5 billion in dex trading volume worldwide and over the last 30 days, dex platforms have seen 168,095,541 visits. The top ten today is Uniswap v3 followed by Pancakeswap, Serum, Uniswap v2, Spookyswap and Trader Joe.

There are 110 challenging lending applications with $ 45.62 billion in locked value, and 11 cross-chain bridges with $ 24.34 billion. There are 45 stack applications with $ 12.88 billion, and 295 protocols that provide performance and command TVL of about $ 24.02 billion.

Some Relatively Unknown Challenge Protocols See TVL’s Big Percentage Gains

The top ten smart contract platforms across the market are all in the green today. Avalanche is the biggest gain, jumping 14% in the last 24 hours, while the rest have seen percentage gains between 5.8% and 11.5%.

Relatively unknown challenge platforms have also seen significant percentage gains over the last seven days. Hakuswap’s TVL, for example, increased 11.497% this week. Wigoswap’s TVL jumped 10.163%, and Acumen saw its TVL rise by 5.174%.

These three challenge protocols were followed by Cougarswap (2,290%), Dopex (1,990%), Polkex (551%), and Dehive (471%).

Tags in this story

savvy, ada, Anchor, Avalanche, AVAX, binance currency, Binance Smart Chain, Bridges, Cougarswap, Cross-chain Bridges, decentralized finance, DeFi, Challenge protocols, Challenge Total Value Locked, Dehive, Dopex, DOT, ETH, Ethereum, Ethereum (ETH), Hakuswap, LUNA, Polkadot, Polkex, Smart Contract Platforms, Smart Contract Tokens, Terra, total value locked, TVL, USDC, Wigoswap, Wrapped ethereum (WETH)

What do you think of this week’s performance in the world of decentralized finance (challenge)? Let us know what you think about this topic in the comments section below.


Jamie Redman

Jamie Redman is the News Editor at News and a financial technical journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for News on the disruptive protocols appearing today.

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