The TVL in DecentralizedFinance has not been this low in over five months since March 29, and the most dominant DeFi protocol today is Makerdao.
Ethereum is followed by Tron’s $5.41 billion and the $5.38 billion held by Binance Smart Chain defi protocols.While Ethereum’s defi has dominated during the past 30 days, the TVL has dropped 14.09% while Tron lost 9.72% last month.managed to climb 1.52% last month.
Makerdao has lost 6.46% during the last 30 days and the second largest defi protocol Lido Finance shed 10.38%. Lido has $5.97 billion locked on Saturday, September 24, 2022., Convex Finance, Just Lend, Pancakeswap, and Compound Finance, respectively.
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