Value Locked in Defi Jumps 2.3% in 7 Days, Ethereum NFT Sales Dominate, Fantom TVL Jumps 26% – Bitcoin News


Value Locked in Defi Jumps 2.3% in 7 Days, Ethereum NFT Sales Dominate, Fantom TVL Jumps 26%

On Saturday, January 15, 2022, the value locked in decentralized finance (defi) protocols across a number of blockchains has increased from $233.95 billion since January 8, to $239.44 billion. Curve’s total value locked (TVL) dominance today is 9.76% with its $23.38 billion TVL. Meanwhile, native assets for the top nine smart contract platforms have seen seven-day gains improving from the week prior’s price slump.

Defi TVL Jumps 2.3% Higher This Week

Today’s top smart contract platform tokens are up in value against the U.S. dollar according to weekly statistics. The top three tokens, ethereum (ETH) jumped 5.1% this past week, binance coin (BNB) spiked 11.4%, and solana (SOL) increased 8.7%.

Value Locked in Defi Jumps 2.3% in 7 Days, Ethereum NFT Sales Dominate, Fantom TVL Jumps 26%
Top ten smart contract platforms in terms of market valuation on January 15, 2022.

Out of the top nine, the biggest gainers like near (NEAR) increased 31.3% and terra (LUNA) jumped 23.5% this week. Polygon (MATIC) made an impressionable 15.5% jump and polkadot (DOT) increased by 10.3% against the U.S. dollar.

On January 15, the TVL in defi today is 2.34% higher than it was on January 8, when the TVL metric was $233.95 billion. Today, there’s $239.44 billion and $146.54 billion is held on the Ethereum blockchain. Ethereum’s defi dominance, in terms of TVL, is 62.63% of the total value locked in decentralized finance on Saturday.

Value Locked in Defi Jumps 2.3% in 7 Days, Ethereum NFT Sales Dominate, Fantom TVL Jumps 26%
The total value locked in decentralized finance on January 15, 2022.

The second-largest TVL belongs to Terra as the network commands $19.01 billion, but that’s only 8.12% of the aggregate TVL in defi. While Terra’s TVL in defi jumped 22.03% this week, it is followed by Binance Smart Chain (BSC) with $15.21 billion.

Meanwhile, Fantom’s TVL jumped higher than Terra’s this past week increasing 26.33% to $7.12 billion. Osmosis (OSMO) increased 18.60% this week rising to a $1.36 billion TVL in its defi protocols.

A number of defi chains saw TVL increases this week except for Ethereum, BSC, and HECO. Defi chains that saw TVL increases include Terra, Avalanche, Solana, Fantom, Polygon, Tron, Arbitrum, Cronos, Osmosis, Klaytn, Waves, and Harmony.

Ethereum NFT Sales Dominate, Cross-Chain Bridge TVL Increases 4.6% in 30 Days

In terms of non-fungible token (NFT) sales across the myriad of blockchain networks, Ethereum is the most dominant chain. Ethereum’s NFT sales are followed by NFT sales on networks like Solana, Ronin, Flow, and Wax.

Value Locked in Defi Jumps 2.3% in 7 Days, Ethereum NFT Sales Dominate, Fantom TVL Jumps 26%
NFT sales volumes by blockchain on January 15, 2022.

Ethereum’s NFT sales saw a 51.29% increase during the last 24 hours while Tezos NFT sales jumped by 33.16% during the last day. Moreover, the Looksrare NFT marketplace is still seeing a lot more daily volume than Opensea’s 24-hour NFT volume.

During the last day, Looksrare’s volume was $504.37 million while Opensea’s recorded 24-hour volume was $166.09 million. The total value locked (TVL) in cross-chain bridges is $25.03 billion on Saturday which is up 4.6% over the last 30 days.

The top five largest TVLs in cross-chain bridges include Polygon ($6.3B), Avalanche ($5.5B), Ronin ($4.9B), Arbitrum ($3.2B), and Fantom ($1.9B).

Tags in this story
Aave, Arbitrum, Avalanche, Binance Smart Chain, BSC, Cardano, Convex, Cross-chain Bridges, Curve, decentralized finance, DeFi, Defi protocols, Elrond, ETH, ether, Ethereum, Fantom, Harmony, Heco, Instadapp, makerdao, NEAR, nft, NFTs, Optimism, osmosis, Polkadot, Polygon, ronin, Smartbch, Solana, Terra, total value locked, TVL, WAVES, WBTC

What do you think about the recent defi action this past week? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for News about the disruptive protocols emerging today.

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