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

On Saturday, January 15, 2022, the value booked in decentralized finance (defi) protocols across a number of blockchains increased from $233.95 billion since January 8, to $239.44 billion. Curve’s total closed value (TVL) dominance today is 9.76% with $23.38 billion TVL. Meanwhile, the domestic assets of the nine largest smart contract platforms saw seven-day gains, improving from the previous week’s price declines.

Defi TVL jumps 2.3% higher this week

The value of smart contract platform tokens rose today against the US dollar according to weekly statistics. The top three coins, Ethereum (ETH) jumped 5.1% last week, binance coin (BNB) rose 11.4%, and Solana (SOL) rose 8.7%.

Value confined to Defi jumps 2.3% in 7 days, Ethereum NFT sales dominate, Fantom TVL jumps 26%
Top ten smart contract platforms by market valuation on January 15, 2022.

Among the top nine, top gainers such as NEAR (NEAR) are up 31.3% and TERRA (LUNA) stock is up 23.5% this week. Polygon (MATIC) made a notable jump of 15.5% and Polkadot (DOT) increased by 10.3% against the US Dollar.

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

Value confined to Defi jumps 2.3% in 7 days, Ethereum NFT sales dominate, Fantom TVL jumps 26%
Total value booked 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 total TVL in the given mode. While Terra’s TVL jumped 22.03% this week, the $15.21 billion Binance Smart Chain (BSC) followed.

Meanwhile, Fantom’s TVL jumped above Terra’s last week, up 26.33% to $7.12 billion. Osmosis Osmosis (OSMO) is up 18.60% this week to $1.36 billion TVL in its specific protocols.

A number of defi chains have seen an increase in TVL this week with the exception of Ethereum, BSC and HECO. Defi chains that have seen an increase in TVL include Terra, Avalanche, Solana, Fantom, Polygon, Tron, Arbitrum, Cronos, Osmosis, Klaytn, Waves and Harmony.

Ethereum NFT sales dominate, TVL cross-chain increased 4.6% in 30 days

In terms of sales of non-fungible tokens (NFTs) across countless blockchain networks, Ethereum is the most popular chain. Ethereum’s NFT sales track NFT sales on networks such as Solana, Ronin, Flow, and Wax.

Value confined to Defi jumps 2.3% in 7 days, Ethereum NFT sales dominate, Fantom TVL jumps 26%
NFT sales volume by blockchain on January 15, 2022.

Ethereum’s NFT sales have seen a 51.29% increase over the past 24 hours, while Tezos NFT sales have jumped 33.16% over the past day. Moreover, Looksrare NFT market continues to see significantly more daily trading volume than Opensea’s 24-hour NFT.

Over the past day, Looksrare’s trading volume was 504.37 million USD, while Opensea’s 24-hour trading volume was 166.09 million USD. The total closed-end value (TVL) in bridges across the chain was $25.03 billion Saturday, up 4.6% over the past 30 days.

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

Tags in this story

Aave, Arbitrum, Avalanche, Binance Smart Chain, BSC, Cardano, Convex, Cross-chain Bridges, Curve, Decentralized Finance, DeFi, Defi Protocol, Elrond, ETH, ether, Ethereum, Fantom, Harmony, Heco, Instadapp, makerdao, NEAR, nft, NFTs, optimism, osmosis, Polkadot, Polygon, ronin, Smartbch, Solana, Terra, total locked value, TVL, WAVES, WBTC

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Jimmy Redman

Jamie Redman is the head of news at Bitcoin.com News and a technology financial journalist based 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 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




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