{"id":213551,"date":"2021-03-29T09:05:06","date_gmt":"2021-03-29T06:05:06","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/defi-tvl-sets-new-record-as-bsc-powered-protocols-add-billions\/"},"modified":"2021-03-29T09:05:06","modified_gmt":"2021-03-29T06:05:06","slug":"defi-tvl-sets-new-record-as-bsc-powered-protocols-add-billions","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/defi-tvl-sets-new-record-as-bsc-powered-protocols-add-billions\/","title":{"rendered":"# DeFi TVL sets new record as BSC-powered protocols add billions"},"content":{"rendered":"

“# DeFi TVL sets new record as BSC-powered protocols add billions <\/strong>”
\n<\/p>\n

According to data aggregator DeFi Llama<\/a>, nearly $79 billion in assets are currently locked in decentralized finance protocols. <\/p>\n

As such, DeFi\u2019s TVL is currently equal to roughly twice the capitalization of third-ranked crypto asset Binance Coin, nearly one-third of Ethereum’s market cap, and on-par with the capitalization of top 200-ranked global company Snap Inc<\/a> \u2014 the company behind Snapchat.<\/p>\n

The majority of TVL growth for the past week app<\/a>ears to have been driven by a handful of platforms, with only three of the sector\u2019s 10-largest protocols posting growth.<\/p>\n

Binance Smart Chain-native DApps continue to lead the sector\u2019s growth, with fourth-ranked PancakeSwap adding roughly 29% or $1.3 billion to its TVL last week. Newcomer stablecoin DEX, Ellipsis Finance, has also attracted significant capital \u2014 representing $1.9 billion and ranking 13th by TVL less than one week after launching.<\/p>\n

Significant gains were also posted by a few Ethereum-based projects, with 11th-ranked Instadapp doubling its TVL to add $1.05 billion, 14th-ranked Yearn Finance also doubling i TVL with a roughly $850 million increase, and 18th-ranked Vesper Finance increasing by 84% to surpass $1 billion within six weeks of launching.<\/p>\n

While the combined TVL of DeFi protocols is up roughly 10% over the past seven days, data from crypto analytics provider Messari<\/a> suggests the average performance of DeFi assets for the past week has been a loss of roughly 1%.<\/p>\n

The total value locked in DeFi protocols continues to push into new record highs, despite most leading Ethereum-powered decentralized finance platforms experiencing drawdowns this past week.<\/p>\n