DeFi Market Continues To See Red, Cardano’s Top Dapp Ranks 160th
2022.05.27 19:11
DeFi Market Continues To See Red, Cardano’s Top Dapp Ranks 160th
- The current DeFi market TVL is $133.34 billion.
- AAVE still gets the lion’s share in TVL.
- Cardano TVL has gone down by 62% from its all-time high.
The DeFi market continues to bleed as the total value locked (TVL) of the sector is down by 5.63% in the last 24 hours.
The sector has been rocky even after a high in early April when it hit $289.22 billion in TVL. Today, the DeFi market has a TVL of $133.34 billion, already considering staked governance tokens and LP tokens, borrowed coins in lending protocols, and double counts.
DeFi TVL aggregator DeFi Llama places AAVE (AAVE), MakaderDAO (MKR), Curve (CRV), SushiSwap (SUSHI), and Lido (LDO) in its top five in TVL rankings successively.
AAVE has recorded a negative 0.37% one-day change, logging $12.18 billion in TVL. Based on the numbers by DeFi Llama, the leading dapp has a 9.13% dominance. At the time of writing, AAVE has dropped by 35.05% over the past month.
Lagging behind AAVE by a …
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