The top smart contract platform crypto coins by market capitalization increased 7.1%, and most have seen double-digit gains over the last week.
) saw the lowest increase over the last seven days compared to the top competitors, as the cryptocurrency is up 11.5% this week.
Of course, the increase in the price of smart contract platform tokens has led to a swelling of the total value locked in defi as well. Since mid-December 2022, the TVL in defi was below the $40 billion range, but on January 9, 2023, it managed to climb back above that to roughly $41.1 billion on Monday. While Makerdao was the most dominant defi protocol, Lido Finance is now the most dominant with 15.92% of the TVL in defi. Lido has a TVL of around $6.
Ethereum is still the most dominant in defi today, in terms of TVL size, as the chain’s $24.61 billion represents 59.88% of the total $41.1 billion locked. Binance Smart Chain has the second largest TVL with $4.41 billion, Tron comes in third with $4.13 billion, Polygon takes the fourth position with $1.05 billion, and the fifth largest in defi today, as far as blockchains are concerned, is Arbitrum with $1.03 billion. Over the last day, the TVL in defi jumped 2.
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