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The total value locked (TVL) in decentralized finance (defi) has jumped back above the $200 billion range, hovering around $216. 49 billion on Saturday morning (EST). The TVL in defi has increased 13. 60% since tapping a low of $190. 57 billion 13 days ago on January 23. The decentralized exchange (dex) Curve’s $19. 41 billion TVL dominates the total value locked by 8. 84%

Ethereum’s Defi TVL Dominates by 61% Increasing 10% During the Last Week, Cross-Chain Bridge Value Jumps 16.2% in 30 Days

The value locked in decentralized finance (defi) has climbed higher since the low it saw on January 23 dropping $10 billion below the $200 billion mark. Today the TVL is 13. 60% higher as the value locked has increased a great deal during the last few days.

The protocol Uniswap’s TVL jumped 9 44% during the last seven days, Balancer increased by 9. 25%, and this week Makerdao’s TVL swelled by 9.10%. Furthermore, smart contract platforms, in terms of market capitalization have increased their overall value to $674 billion up 8.3% in the last 24 hours.

The top smart contract platform token ethereum (ETH) has seen its value swell by 18.5% in the last seven days. Binance coin (BNB) jumped 8.8% this week, and cardano’s (ADA) value increased by 9.3%.

SOL climbed the highest this week, jumping . SOL climbed the highest this past week, jumping 25.6% against the U.S. dollar.

In terms of defi TVL per blockchain, Ethereum still rules the roost with 516 defi protocols and $135. 78 total value locked today. ETH‘s TVL represents 61. 41% of the entire $216. 49 billion locked in defi. The second-largest defi chain is Terra with the network’s 17 defi apps commanding $14. 67 billion in value today.

While Ethereum saw a seven-day change by increasing its TVL by 10%, Terra’s defi TVL jumped 7.49%. Avalanche (AVAX) saw one of the largest jumps this week in the top ten TVLs by chain with a 19. 38% increase to $10. 08 billion.

Cross-chain bridge TVLs have increased during the last month by 16.2% and today, there’s $25. 11 billion locked across various bridges. Polygon’s bridges have a $5. 59 billion TVL, Avalanche has $5. 53 billion locked on Saturday.

Wrapped ethereum (WETH), ethereum (ETH), and USDC are the most leveraged crypto assets on cross-chain bridges this weekend.

What do you think about this week’s defi action and smart contract token markets? Please comment below to let us know your thoughts on this topic.

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