While digital currencies like bitcoin and ethereum lost roughly 10% in value during the last seven days, the decentralized finance (defi) economy has weathered the storm better than the top two leading crypto assets. A slew of blockchain games coins, defi tokens, and metaverse assets like gala, crypto.com coin, wax, kadena, wonderland, and avalanche have seen double-digit gains during the last 24 hours.TVL in Defi Weathers the Crypto Economy Storm
While bitcoin (BTC) has hovered just above the $60K zone in consolidation, the defi economy and a number of other crypto assets have seen decent gains. Statistics from defillama.com show that on November 9, the total value locked (TVL) in defi protocols tapped $275 billion and today it’s only 6.54% lower at $257 billion. The defi protocol Curve commands 8% dominance amid the $257 billion with $20.63 billion TVL.Total value locked in defi on November 17, 2021, across all blockchains according to defillama.com.
Curve’s TVL is followed by Makerdao ($18.16B), Aave ($15.59B), Convex Finance ($15.34B), and WBTC ($14.66B), respectively. The top three chains today in terms of TVL in defi include Ethereum (ETH), Binance Smart Chain (BSC), and Solana (SOL). ETH captures $172.22 billion or 66.93% of the aggregate TVL in defi on Wednesday. BSC has $19.56 billion or 7.60% and SOL has $13.32 billion or 5.17%.7 Tokens See Double-Digit 24 Hour Gains, Cross-Chain Bridge TVL Dips 6.3% in 30 Days, Uniswap Commands Today’s Top Dex Volume
The top gainer during the last 24 hours is the blockchain game coin gala (GALA), up 110.4% today. Crypto.com coin (CRO) has increased 28.5%, wax (WAXP) jumped 16.7%, kadena (KDA) spiked 16.0%, wonderland (TIME) lifted 14.8%, avalanche (AVAX) rose 14.3%, and curve dao token (CRV) increased by 10%. The aforementioned seven tokens are the only coins on Wednesday that saw double...