Defi Market Holds Steady at $49.31 Billion TVL, Lido Finance Leads the Pack With 24.82% Share – Defi Bitcoin News

Since April 18, 2023, the total value locked (TVL) in DeFi has been fluctuating just below the $50 billion threshold.

TVL in Defi Shows Signs of Improvement, Yet to Surpass Previous Record of $53 Billionas of May 6, 2023, with Lido Finance leading the pack by commanding a 24.82% share of $12.24 billion on Saturday. Over the past month, Lido’s TVL has grown by 9%, while posting a moderate 2.42% increase in the preceding week.

The remaining top five candidates in today’s defi landscape include Makerdao, Aave, Curve Finance, and Uniswap; three out of these four experienced monthly downturns, with Uniswap being the exception by posting a 3.48% gain over the past 30 days.Ethereum takes the lion’s share of this TVL with itsaccounting for over 58% of the defi market cap. Following Ethereum are other contenders such as Tron, BSC, Arbitrum, and Polygon who boast relatively large TVL statistics.

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