Tuesday, 29 November 2022

DeFi industry is now worth $200 billion

5 min read

13 October 2021 – According to DefiLlama, the total value locked (TVL) in decentralised finance (DeFi) platforms across multiple blockchains has exceeded $200 billion in October 2021. The number has doubled since late June. The majority of the value is held in projects on Ethereum. DefiLlama puts this figure at $140 billion, followed by Binance Smart Chain with $18.5 billion and Solana with $11.7 billion. The next biggest chains are Terra, Avalanche and Fantom. Despite Ethereum’s strong market share and growing TVL, it has lost significant dominance due to the emergence of DeFi protocols on other chains.

News source: The Block and DefiLlama

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