Amid the activation of the Shapella hard fork on the Ethereum network, the amount of funds blocked in smart contracts for decentralized applications (TVL) rose above $90 billion in April, for the first time since September 2022. This is stated in the Cryplogger report.
At the end of the last month, the indicator still slightly decreased, amounting to $83.37 billion. Ethereum still remains the leader, accounting for almost 67%.
For the first time ever, liquid staking protocols have surpassed decentralized exchanges in terms of share of total TVL in the DeFi sector. Projects in this category accounted for over 21% or $17.78 billion in April. Since March, the figure has added 7%.
The top DeFi projects by volume of blocked funds are: Lido ($11.76B), MarketDAO ($7.32B), Aave ($6.96B), Curve Finance ($4.61B) and Uniswap ($3.59B) .
However, despite the growth of TVL, the quotes of most of the assets of the DeFi segment went into the red zone. Solar (SXP) showed the worst dynamics – its price fell by almost 41%.
Decentralized exchange token PancakeSwap (CAKE) also fell 31% despite a series of major announcements. In particular, the team presented the third version of the protocol and proposed to transfer the project tokenomics to a deflationary model.
The Tron network remains the leader in on-chain activity. In April, the blockchain processed an average of 8.4 million transactions daily, which is almost 20% more than in March.
It is noteworthy that Arbitrum’s L2 solution overtook Ethereum in terms of the average daily number of transactions – 1.2 million versus 1 million.
Recall that at the end of April, Dune analysts recorded a record weekly influx of assets into a deposit smart contract in Ethereum after the activation of Shapella.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
Amid the activation of the Shapella hard fork on the Ethereum network, the amount of funds blocked in smart contracts for decentralized applications (TVL) rose above $90 billion in April, for the first time since September 2022. This is stated in the Cryplogger report.
At the end of the last month, the indicator still slightly decreased, amounting to $83.37 billion. Ethereum still remains the leader, accounting for almost 67%.
For the first time ever, liquid staking protocols have surpassed decentralized exchanges in terms of share of total TVL in the DeFi sector. Projects in this category accounted for over 21% or $17.78 billion in April. Since March, the figure has added 7%.
The top DeFi projects by volume of blocked funds are: Lido ($11.76B), MarketDAO ($7.32B), Aave ($6.96B), Curve Finance ($4.61B) and Uniswap ($3.59B) .
However, despite the growth of TVL, the quotes of most of the assets of the DeFi segment went into the red zone. Solar (SXP) showed the worst dynamics – its price fell by almost 41%.
Decentralized exchange token PancakeSwap (CAKE) also fell 31% despite a series of major announcements. In particular, the team presented the third version of the protocol and proposed to transfer the project tokenomics to a deflationary model.
The Tron network remains the leader in on-chain activity. In April, the blockchain processed an average of 8.4 million transactions daily, which is almost 20% more than in March.
It is noteworthy that Arbitrum’s L2 solution overtook Ethereum in terms of the average daily number of transactions – 1.2 million versus 1 million.
Recall that at the end of April, Dune analysts recorded a record weekly influx of assets into a deposit smart contract in Ethereum after the activation of Shapella.
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Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!