(Beincrypto) The total value locked on decentralized finance hit a record $208.39 billion, with Ethereum-based platforms controlling 72% of the total.
Binance Smart Chain is the second most popular DeFi network, after Ethereum, with a TVL of $17.4 billion. PancakeSwap decentralized exchange is its popular DEX, controlling a TVL of $4.9 billion.
Solana, an enterprise blockchain platform, ranks third after Ethereum and Binance with a TVL of $10.7 billion, while Fantom blockchain is closing just above $8 billion.
Curve Finance, a stablecoin staking platform, leads the way among top DeFi projects with a TVL of $15.7 billion and a market share of 8%. Aave comes second with $15.1 billion TVL, while Instadapp occupies the third spot with $12 billion TVL.
The market capitalization of all DeFi tokens is now about $131 billion. Terra’s Luna leads as the top token with a market cap of about $18.8 billion.
The record TVL on DeFi comes after an 825% surge since the start of the year when only $21.4 billion was locked on the protocols. Up to $90 billion has been accumulated on DeFi protocols since mid-July.
ETHUSD is up +0.06%, BNBUSD is down -4.03%, SOL/USD is up +5.07%.
