Total value locked (TVL) in DeFi managed to break through the $200 billion mark as the crypto market recovered from last week’s downturn. Several native assets from smart contract protocols have seen double-digit gains with Cypherium (CPH), Counterparty (XCP) and Terra (LUNA) leader.
TVL in DeFi on all blockchain The top hit a low of $185.9 billion on Jan. 28 and is up 10,61% since that day. Domination of Curve is 8,68% at the moment with TVL 17.5 billion USD, but has decreased by 7,33% compared to last week.
Total value locked in DeFi | The source: Defillama.com
In terms of smart contracts, Counterparty (CPH) was the week's biggest gainer with 330%. Followed by Counterparty (XCP) with a gain of 54% and third place goes to Terra (LUNA) with 52%. At the time of writing, the total value of all the native tokens of the smart contract platform in existence is $611 billion, down 0.3% over the past day.
Regarding the cross-chain bridge platform, there is 23.63 billion USD of TVL at the moment, an increase of 16.6% compared to last week. The number of unique addresses that sent funds on the bridge in the last month was 57,911.
Source: Coin98 Analytics
Top 5 blockchains in terms of cross-chain bridge TVL at the moment include Avalanche, Polygon, Fantom, Ronin and Arbitrum. Furthermore, data collected by Coin98 Analytics from Santiment indicates that Solana has the most number of active developers as of February 19, 2022, followed by Ethereum, Cardano, Polkadot, Cosmos and Terra.