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Value Locked in Defi Rewards -- Smart Contract Tokens CPH (LUNA), XCP Lead the Pack

As crypto markets rebounded after the market crash last week, the total value of decentralized finance (defi), has jumped above $200 billion.

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Value Locked in Defi Rewards -- Smart Contract Tokens CPH (LUNA), XCP Lead the Pack

Many native assets derived from smart contract protocols worth $611 billion have experienced double-digit gains, with cypherium(CPH), counterparty [XCP], and terra (LUNA] leading the pack.

TVL in Defi Rises Above $200 Billion -- Cypherium Counterparty, Terra Rise

After initially falling after Russia invaded Ukraine, crypto markets have rebounded and defi values have risen. The total value locked (TVL), in defi, has increased to $200.94 trillion after falling below the $200 billion mark.

The TVL for defi across all top blockchains fell to $185.9 Billion on January 28. It's now up 10.61% since then. Curve dominance stands at 8.68% with $17.86 Billion total value locked on Sunday. However, the TVL for defi protocol is down 5.61% from last week.

Ethereum dominates the TVL in Definitive today at 55.94%, with the $112.36 billion TVL. Terra is the second-largest cryptocurrency TVL in Defi with $20.17 Billion, which is 10.04% off the TVL in Defi.

Binance Smart Chain (BSC), which has $12.13 billion in locked blockchain TVLs, is the third largest. Defillama.com metrics indicate that Chainlink is today's largest defi oracle, securing 138 protocols and $52.66 billion.

With a 330% gain, CPH was the smart contract coin's biggest gainer this week. In terms of smart contract coins, the second-largest gain this week was the old-school token counterparty, (XCP). Over the past seven days, Counterparty's value has risen 54% against the U.S. Dollar.

Terra (LUNA), which managed to increase by 52% over the past week, is now the third largest smart contract token gainer. The total value of all smart contract platform native tokens is $611 billion at the time of writing. This 0.3% decrease was recorded in the last 24 hours.

Presently, the cross-chain bridge platform TVL is $23.63 billion. This represents an increase of 16.6% from last week. The number of unique bridge deposit addresses in the last month was 57,911 addresses.
Avalanche is Polygon, Fantom and Ronin are the top five blockchains for cross-chain bridge TVL. According to data from Santiment
, shows that Solana had the highest active developer count as of February 19, 2022. Solana is followed by Ethereum and Cardano as well as Polkadot (Cosmoss), Terra, and Cosmos.


 

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