2023-09-03 11:33:38
The decentralized finance (DeFi) sector was also hit hard by the negative wave that swept through the entire crypto sector at the end of August. At the time of writing this article, they give just under $26,000 for one bitcoin, but the price of ether at $1,638 is not what many expected either. The total amount locked in DeFi stood at roughly $37.59 billion as of September 1st, a similar low in the second week of February 2021. In the DeFi sector, the pledged value has not been able to start an upward trajectory since February 2021. It should be mentioned that following the low point at that time, a real peak came in 2021. On May 11, 2021, the total committed amount in DeFi reached 121 billion dollars. Then on November 8, 2021, it rose to $178 billion. And while there was another big rebound to $161 billion on April 2nd, 2022, the value committed in the sector has been in deep flight since then. Lido is still the leading protocol in the DeFi sector in terms of total committed amount. Here, 14.06 billion dollars were locked in on the first of September. MakerDAO, Aave, Justlend and Uniswap also contribute significant numbers to the sector. MakerDAO had a total committed amount of $5.05 billion, while Aave operated with $4.49 billion. Justlend and Uniswap just held a little over $3 billion in escrow. And while each protocol may have experienced major declines recently, Lido and MakerDAO were able to put together a 1% increase over the past week. If we look at the total committed value by blockchain, there is no question that Ethereum leads. 57.26% of the total amount pledged in DeFi is tied to Ethereum, which is $21.42 billion. Tron is in second place with $5.2 billion, and Binance Smart Chain, Arbitrum, and Polygon round out the top five in this category. So, like other cryptosectors, DeFi is still suffering from the effects of the protracted crypto winter.
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