• Latest
  • Trending
Despite ETH Hitting A New ATH, Ethereum’s DeFi Market Share Drops by 30% in the Past Year

Despite ETH Hitting A New ATH, Ethereum’s DeFi Market Share Drops by 30% in the Past Year

October 25, 2021
Bitcoin BTC Price Dips Into Red but Holds Strong Near $23.5K

Bitcoin BTC Price Dips Into Red but Holds Strong Near $23.5K

February 3, 2023
Marathon’s first Bitcoin sale in 2 years not the result of distress

Marathon’s first Bitcoin sale in 2 years not the result of distress

February 3, 2023
Sastanaqqam Collaborates with Boosty Labs and Reverb to Create Revolutionary Blockchain-based Ecosystem

Sastanaqqam Collaborates with Boosty Labs and Reverb to Create Revolutionary Blockchain-based Ecosystem

February 2, 2023
Understanding Role of Shen in Djed

Understanding Role of Shen in Djed

February 2, 2023
Announcing Kraken OTC Portal v 2.0 featuring automated settlement

Announcing Kraken OTC Portal v 2.0 featuring automated settlement

February 2, 2023
Indonesia will launch its national crypto bourse by June

Indonesia will launch its national crypto bourse by June

February 2, 2023
Giant Bitcoin ‘Taproot Wizard’ NFT Minted in Collaboration With Luxor Mining Pool

Giant Bitcoin ‘Taproot Wizard’ NFT Minted in Collaboration With Luxor Mining Pool

February 2, 2023
Top Crypto PR Agencies in the Industry

Top Crypto PR Agencies in the Industry

February 2, 2023
ETH platform Blocknative adds bundles, cancellation, replacement

ETH platform Blocknative adds bundles, cancellation, replacement

February 2, 2023
  • Privacy Policy
Friday, February 3, 2023
Mount Rushmore Crypto
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction
No Result
View All Result
Mount Rushmore Crypto
No Result
View All Result
Home Crypto Technical Analysis

Despite ETH Hitting A New ATH, Ethereum’s DeFi Market Share Drops by 30% in the Past Year

J_News by J_News
October 25, 2021
in Crypto Technical Analysis, Top News
0
Despite ETH Hitting A New ATH, Ethereum’s DeFi Market Share Drops by 30% in the Past Year
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


Ethereum (ETH)

Despite ETH Hitting A New ATH, Ethereum’s DeFi Market Share Drops by 30% in the Past Year

  • AnTy
  • October 25, 2021

The decentralized finance (DeFi) sector has been seeing some price action since last month, but it is extremely slow compared to the rest of the market.

At a $150.5 bln market cap, DeFi has hit the all-time high from mid-May. But DeFi blue-chips like Uniswap, YFI, and Aave are not leading these gains; the likes of Olympus and Spell that are termed DeFi 2.0 are the ones behind the latest interest in DeFi.

However, the total value locked (TVL) in the DeFi is seeing real growth and hitting new ATHs. Today, it reached yet another one at $244.56 billion, according to DeFi Llama.

The most popular layer 1 blockchain Ethereum also hit a new ATH with the value locked at $162.6 bln, up from $75 bln in late May. MakerDAO is currently the dominant project on Ethereum with $16.62 bln of assets.

But it’s not just Ethereum anymore; over the past year, the multi-chain universe has been expanding, and all of these other layer 1 blockchains together account for 34% of the overall DeFi TVL.

These other blockchains also cover Ethereum layer 2 blockchain Arbitrum, which has also amassed $1.96 bln.

Ethereum market share 1 year ago: 97%

Ethereum market share today: 67%

Ethereum market share a year from now: 30% ?

The multi-chain universe is only getting started. pic.twitter.com/WNGLV0dvuA

— Tascha (@RealNatashaChe) October 23, 2021

When it comes to other layer 1’s, Binance Smart Chain is at the top with $20.62 bln TVL, finally starting to grow this month after four months of sideways action. Just two weeks back, Binance announced a $1 billion incentive program to attract projects and developers back to BSC.

During the May mania, the TVL on BSC hit its peak at $32.6 bln as it offered a cheaper and faster alternative to Ethereum and is now trying to bring back that action.

Solana is another big competitor to Ethereum, which has the backing of FTX CEO and founder Sam Bankman Fried. At $13.53 bln, its TVL continues to hit new highs as it joins the NFT mania, and investors who missed the ETH train see SOL as their opportunity to have a high-performing asset in their long-term portfolio.

The latest stars of the layer 1 world are Terra and Avalanche with $9.97 bln and $8.2 bln in TVL respectively. With cheaper fees, liquidity programs, and burns, these two are currently ruling the layer 1 blockchain competition.

Their tokens LUNA and AVAX are also enjoying this traction, having hit their ATHs in about the last one month at $50 and $80, respectively.

Fantom (FTM) is another popular one at $4.91 bln, while Polygon (MATIC), which was extremely popular between April to July among the newcomers, has since lost its charm and is now at $4.64 bln has less than half of its TVL ATH.

Other notable mentions include Celo with $1 bln in assets and Harmony (ONE), whose TVL is $325 mln, growing since early July.

AnTy

AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.





Source link

Related articles

Bitcoin BTC Price Dips Into Red but Holds Strong Near $23.5K

Bitcoin BTC Price Dips Into Red but Holds Strong Near $23.5K

February 3, 2023
Marathon’s first Bitcoin sale in 2 years not the result of distress

Marathon’s first Bitcoin sale in 2 years not the result of distress

February 3, 2023
ShareTweetShareShare
Previous Post

Binance CEO expects ‘very high volatility’ in crypto. Here’s how to trade it

Next Post

New Ethereum-to-Cardano Bridge Will Provide NFT Creators Eco-friendly Options

Related Posts

Bitcoin BTC Price Dips Into Red but Holds Strong Near $23.5K

Bitcoin BTC Price Dips Into Red but Holds Strong Near $23.5K

by J_News
February 3, 2023
0

Ether fared similarly on the day, dipping late to also fall 1.8% from Wednesday, same time. The second largest crypto...

Marathon’s first Bitcoin sale in 2 years not the result of distress

Marathon’s first Bitcoin sale in 2 years not the result of distress

by J_News
February 3, 2023
0

The second largest publicly-listed holder of Bitcoin, crypto mining firm Marathon Digital Holdings has offloaded some of its Bitcoin for the...

Sastanaqqam Collaborates with Boosty Labs and Reverb to Create Revolutionary Blockchain-based Ecosystem

Sastanaqqam Collaborates with Boosty Labs and Reverb to Create Revolutionary Blockchain-based Ecosystem

by J_News
February 2, 2023
0

Sastanaqqam, a blockchain-based company, is collaborating with Boosty Labs, a leading Ukrainian blockchain development company, to create a whitepaper for...

Understanding Role of Shen in Djed

Understanding Role of Shen in Djed

by J_News
February 2, 2023
0

Sabrina Martins Vieira Learn how Shen helps Djed maintain parity with U.S. dollar through its Reserve Coin role The introduction...

Announcing Kraken OTC Portal v 2.0 featuring automated settlement

Announcing Kraken OTC Portal v 2.0 featuring automated settlement

by J_News
February 2, 2023
0

The Kraken OTC desk is constantly exploring new ways to deliver a great trading experience to our clients. Our new,...

Load More

Enter your email address:

Delivered by FeedBurner

Quick Navigate

  • Home
  • Crypto
  • Crypto Technical Analysis
  • Top News
  • Thank You
  • Store
  • Crypto Vouchers
  • About Us
  • What Cryptocurrency Is and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

Top News

Web3 vs Web2 – What Are Some Of The Core Differences?

5 Best Sources for Crypto News

NFT Art marketplace development- Carving the boutique of NFT Arts | by Linda John | The Capital | Dec, 2021

© 2021 mtrushmorecrypto - Crypto Related News Blog

No Result
View All Result
  • Home
  • Top News
  • Crypto
  • Crypto Technical Analysis
  • About Us
  • Crypto Vouchers
  • Cryptocurrency and ANKR Price Prediction
  • Cosmos cryptocurrency price prediction

© 2021 mtrushmorecrypto - Crypto Related News Blog

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT