News06 September 2021

Multiple Layer 1 Blockchains reach $50 Billion in Total Value Locked as DeFi Marches To New Highs.

Multiple Layer 1 Blockchains reach $50 Billion in Total Value Locked

Summary

· The DeFi market is on an upward movement

· Popular DeFi coins continue to record gains of up to 10%

· DeFi TVL is currently at $180 billion

The decentralized finance market is yet again experiencing an upward surge. DeFi tokens are on the rise, with PERP (Perpetual Protocol) leading with a 16% gain in the last 24-hours. Other popular decentralized currencies PancakeSwap, Thorchain, AMP, Curve, Synthetix, Bancor, Swipe, Alpha, Polkastarter, Venus, and Akropolis, have also recorded gains of between 5% and 10%.

The total value locked in the DeFi sector is one to keep an eye on as it continues to rise more rapidly, surpassing the May peak of $156.2 billion in the last month to stand at $180 billion.

Ehtereum maintains the lead on Layer 1 blockchains with a TVL of $131 billion, closely followed by the Binance Smart chain at $19.32 billion. Other blockchains on the rise include Solana at $4.81 billion, Terra at $7.63 billion, Polygon at $5.28 billion, Fantom at $1.25 billion, and Avalanche at $2.42 billion

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