Value Locked in Defi Holds the Line at $50B, After Temporarily Shedding $8B in Mid-March – Defi Bitcoin News

The total value locked in DeFi during the first week of April is about $50 billion, roughly the same as on March 1.

Value Locked in Defi Holds the Line at $50B, After Temporarily Shedding $8B in Mid-March

, the value locked in defi on April 2, 2023, is $50.22 billion, up 0.91% in the past 24 hours. The protocol Lido Finance commands a TVL of around $10.94 billion as of Sunday. Lido dominates the $50 billion TVL with 21.77%, and the value locked in the protocol saw a 19.75% rise in March. While Lido jumped over 19% last month, Coinbase Staked Ethereum rose by 22.29%, and Rocketpool, another Ethereum liquid staking protocol, saw its TVL rise by 18.47%. Other notable risers in terms of TVL in defi protocols include Liquity, up 27.12% over the last 30 days, and Bwatch, which rose 25.78%.

Ethereum’s and BSC’s TVLs shrunk in March, but Tron’s rose 2.8% higher, and Arbitrum’s TVL swelled by 13.93%. Notable gainers in March include Mixin , Defichain , and Kava .

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BTCTN /  🏆 531. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exploring San Diego: Things to do March 30 - April 2America's Finest City is stacked with fun things to do around this weekend—including arts, sports, shows, music, food, drinks, festivals, parties, and more.
Read more »

TooFab's Week In Celebrity Photos: March 26 - April 1Pedro Pascal and the cast of The Mandalorian stepped out for PaleyFest 2023 in Los Angeles (via toofab)
Read more »

TooFab's Week In Celebrity Photos: March 26 - April 1Priyanka Chopra and Nick Jonas looked STUNNING as they attended the inauguration of the Nita Mukesh Ambani Cultural Centre in Mumbai, India (via toofab)
Read more »

Not an April Fools' joke: April 1 marks water rate increase across HoustonCity leaders who voted on a rate hike over a five-year period said they didn't anticipate the costs of everything going up. Still, there is indeed a reason for the increase.
Read more »

Ten More Things to Do in Denver (and Beyond) This WeekendAs March moves into April, this city's cultural scene isn't fooling around.
Read more »