As of August 13th, the DeFi token market, which saw around $1.8 billion in 24-hour trading, has surged to a market value of $45.08 billion. This indicates a daily increase of 6.17%, with trading volume also rising by 6.39%.
Notably, Chainlink emerged as one of the top-performing DeFi tokens in the past week, boasting a 5.14% increase. Meanwhile, tokens like Synthetix (SNX) and Injection (INJ) experienced declines ranging from 2.70% to 3.36% compared to the previous week.
Similar to Chainlink’s growth, Ellipsis (EPS) saw a significant surge of 129%, while Thorchain (RUNE) increased by 49.29%. On the other hand, Persistence (XPRT) faced a substantial drop of 12.47%, and Mobox (MBOX) decreased by 10.94%.
The CRV token of Curve continued to face challenges following a recent hack, leading to an additional 4.81% decrease this week. Despite the overall growth in the DeFi space, the total value locked (TVL) in DeFi reached $41.94 billion on August 13th.
Lido Finance is currently leading the pack with the highest TVL, proudly boasting a significant $15.11 billion in its liquidity staking protocol, marking a 2.34% increase over the past week. Following Lido’s Justlend protocol, MakerDAO, Aave, Uniswap, and Tron are ranked based on their TVL on the same date.
Among the 202 blockchain platforms, Ethereum’s TVL holds the advantage, accounting for over 58% with a substantial amount of $24.38 billion. Tron, BSC, Arbitrum, Polygon, Optimism, Avalanche, Mixin, Solana, and Cronos follow suit. Notably, Tron’s TVL also commands a significant 13.31% market share, totaling $5.56 billion.
Lastly, a staggering amount of 10.89 million ETH is stored in 23 liquidity staking protocols related to Ethereum, equivalent to a value of $20.252 billion — a substantial sum in the value-locked landscape across 202 blockchain networks.
In fact, these 23 DeFi protocols, built upon Ethereum’s liquidity staking, constitute nearly half (48.28%) of the total $41.94 billion locked in DeFi by the end of the past week.