TVL in DeFi loses $54 billion in 2 weeks
While digital currency markets have lost significant value over the past two weeks, the value locked in in Defi has also dropped significantly. Since the first week of January, TVL in defi has lost $54.29 billion. Today, TVL is $201.55 billion, down 1.19% in the last 24 hours. While defi has fallen significantly in value, overall it has more than doubled its share of the crypto economy.
DeFi's share of the crypto economy has more than doubled from 2.8% to a record high of 6.5% since the beginning of 2021. At the time of writing, Curve Finance has a dominance rating of 9.69% of TVL $201 billion. Curve is active on eight different blockchains and has a TVL of about $19.53 billion. Metrics show that Curve's TVL is down 16.34% in the last seven days. Curve is followed by Makerdao, Convex Finance, Aave and WBTC, respectively.
