While the crypto market is struggling to keep up, some decentralized protocols managed to come out stronger. Check them out!
from Token Terminal, the total value locked on Balancer is currently $3.54 billion, the third-highest TVL in the history of the protocol despite falling prices across the cryptocurrency market.The staying power of the Balancer TVL is due, in large part, to an increase in funds staked in stablecoin pools on the platform and a more involved governance mechanism that lets veBAL hodlers vote on which pools receive a majority of the BAL reward emissions.
2022 has been a good year in general for the project and the price of NEAR hit an all-time high of $20.42 on Jan. 16 and the most recent rally saw the price rebound to $19.81 on April 7.On the DeFi front, things have never been this good for the NEAR protocol as the total value locked on the network is now at a record-high of $363.72 million, according to data from Defi Llama.led by the New York-based hedge fund Tiger Global and speculation that the NEAR token could soon be listed on Coinbase.
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