Combined with Binance Smart Chain (BSC) based protocols, the total value of Decentralized Finance (DeFi) protocols has reached $ 79 billion.
The total value locked in DeFi protocols has reached to $ 79 billion with the 10 per cent rise last week. BSC-based PancakeSwap posted a 29 percent increase in its total value locked last week, making it the biggest-growing DeFi platform in the top 10.
Ethereum-based Instadapp and Yearn Finance on the other hand saw a 100 percent increase in their total value locked.
According to DeFi Llama data, the total value locked in decentralized finance (DeFi) protocols reached $ 79 billion.
Thus, the locked total value in DeFi was equivalent to about one third of the market value of Ethereum (ETH) and twice the market value of Binance Coin (BnB).
According to data from DeFi Llama last week, only three of the ten largest DeFi protocols recorded increases in their locked total value.
PancakeSwap that is a decentralized stock market located on Binance Smart Chain (BSc) and ranked 4th in terms of locked total value, became the most growing DeFi platform in the top 10 with a 29 percent locked total value increase recorded last week.
The recently released decentralized stock exchange Ellipsis Finance became the 13th largest DeFi platform having recorded a significant increase in its locked total value.
Several Ethereum-based projects also recorded significant gains. The 11th Instadapp and the 14th Yearn Finance had a 100 percent increase in their locked total values.
Reaching a total value of one billion dollars within six weeks following its release, the 18th Vesper Finance managed to increase its locked total value by 84 percent in one week.
The total value locked in DeFi protocols has increased by about 10 percent in the last seven days, while data from crypto analytics platform Messari shows a 1 percent loss in the average performance of DeFi assets.
This last photo was just taken on defi llama and added on here before finishing the article. It has reached $ 82,5 billion and Vesper Finance has rised to 17th, while the others mentioned above are guarding their place.