Value locked in DeFi grows 936% in one year, NFT sector stren | Miami Crypto Group Channel
Value locked in DeFi grows 936% in one year, NFT sector strengthens: DappRadar
In its Sept. 30 "Value Flow Report", crypto analytics platform DappRadar reported that recent trends have seen sizable growth in NFTs and blockchain gaming, but that DeFi is also still generating substantial value.
DappRadar currently reports a total value locked of $114.8 billion which is an increase of 936% since the same time last year.
The PancakeSwap DEX dominates DeFi on BSC with $8.7 billion in TVL. The third-largest chain in terms of DeFi collateral on DappRadar is Polygon with $2.7 billion locked - however the report did not include data for Solana which has $9.5 billion locked according to alternative analytics website DeFiLlama.
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