Decentralized Finance, popularly known as DeFi, lost 17.77% in the last 30 days of value locked in the protocol. The figure has come down to $182.27 billion, which was $221.67 billion earlier.
The previous seven days have not been good for Decentralized Finance either, as value locked has only gone down significantly for all the protocols.
Since April 08, 2022, Curve Finance shaved off 16.55%, Anchor lost 10.15%, and Lido witnessed a drastic fall of 13.28%. Others to lose the figures in value locked include Makerdao and Aave, both losing 20.48% and 21.12%, respectively.
The last 24 hours were gloomy for Decentralized Finance. There were only slides with a total value locked, shedding 6.25%. The largest protocol in terms of total value locked, Curve Finance, stood at $17.24 billion, representing a dominance of 9.46% in aggregate.
When it comes to dominating the Decentralized Finance sector, Ethereum stands with a share of 55.59%, bringing the figure to $101.32 billion out of the $182.27 billion.
Terra follows Ethereum with a figure of $23.44 billion to represent the share of 12.86% of the DeFi aggregate for total value locked. Binance Smart Chain is the third dominant player in the segment with a share of 6.37%, bringing the value to $11.6 billion at the drafting of the article.
Smart contract tokens also lost their value at $546 billion, losing 6.1% collectively in the past 24 hours. Tron was the only one that managed to rise by 5.3%.
All the other majors lost their value significantly. For instance, XCP dropped 19.4%, and Terra lost 11.1%. Cross-chain bridge total value locked also went down in the past 30 days to be valued lower by 21.1%.
The entire crypto-economy has lost 5.1% in the past 24 hours, bringing the value down to $1.65 trillion. There is a possibility that the value in Decentralized Finance will follow the trend.
Aave’s version three (v3) and Tron’s Sunswap protocol were the only two protocols to register gains in Total Value Locked over the past month.
Meanwhile, UniSwap lost 4.44% in the past 24 hours, 5.30% in the past seven days, and 8.73% in a month’s duration. The compound was down by 3.88% in the previous day, 9.98% in the past seven days, and 20.58% in the past 30 days.
PancakeSwap appears to be a little bit comfortable with its losses. In the last 24 hours, it shaved off 3.48%, 2.58% in the previous seven days, and 8.34% in the last 30 days. Instadapp registered one of the biggest losses in the last 30 days, with a fall of 34.18%. It lost 3.06% in one day and 18.96% in a week.