At present, DeFi’s total network lock-in volume (TVL) is 48.53 billion US dollars
According to the report, according to the data of defullama, the current total net lock-up volume (TVL) of DeFi reached US $48.53 billion, a decrease of 2.18% in 24 hours. Among them, Ethereum’s lockup on the chain was US $28.38 billion, BSC’s lockup was US $4.89 billion, and Avalanche’s lockup was US $93.7 billion. Solana’s lock-up volume is US $257.7 million, and Polygon’s lock-up volume is US $114 million.
Interpretation of this information:
The message provides an update on the current state of Total Net Lock-up Volume (TVL) within the DeFi ecosystem. According to the data from defullama, TVL has dropped by 2.18% in the last 24 hours and currently stands at US $48.53 billion.
The report highlights that Ethereum continues to be the most popular blockchain platform for DeFi, with a lock-up volume of US $28.38 billion. Binance Smart Chain (BSC) and Avalanche follow next in line, with lock-up volumes of US $4.89 billion and US $93.7 billion, respectively. Solana and Polygon have much smaller volumes of US $257.7 million and US $114 million, respectively.
Overall, the report suggests that TVL within the DeFi ecosystem is still significant, with Ethereum continuing to be the most dominant platform for these activities. However, there is a slight decline in TVL, which could be due to several factors, including market fluctuations, changes in investor sentiment, or the emergence of new DeFi platforms.
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