Relatively Unknown Protocols Push TVL in Defi Above the $200 Billion Range

On February 15, the total value locked (TVL) in decentralized finance (defi) platforms is just above the $200 billion range, after a brief slump below that region last week. Out of the entire TVL in defi today, Ethereum commands 59.22% of that value with 532 defi protocols. Metrics during the last seven days show a number of relatively unknown defi protocols have attracted significant TVL percentage gains.
Defi TVL Climbs Over 3%, $4.5 Billion in 24-Hour Dex Trade Volume
The total value locked (TVL) in defi today is up around 3.3% during the last 24 hours with $208.45 billion. The defi protocol with the largest TVL is Curve Finance which dominates by 9.48% with $19.75 billion.
Curve’s TVL is up 1.22% this week across eight different blockchain networks. Curve’s TVL is followed by Makerdao, Aave, Convex Finance, WBTC, and Lido respectively.
While Ethereum has 59.21% of the TVL in defi today with $123.45 billion, the second-largest blockchain TVL in defi is held by Terra. The blockchain network Terra has $15.05 billion locked and the defi protocol Anchor commands 55.81% of that value.

Terra is followed by Binance Smart Chain (BSC) with $13.36 billion, Avalanche with $10.8 billion, Fantom with $8.46 billion, and Solana with $8.07 billion total value locked.
On February 15, there are 362 decentralized exchange (dex) platforms with a combined $70.24 billion TVL that allow people to swap tokens in a decentralized fashion.
Today, there’s $4.5 billion in dex trade volume across the globe and over the last 30 days, dex platforms have seen 168,095,541 visits. The top dex today is Uniswap v3 followed by Pancakeswap, Serum, Uniswap v2, Spookyswap, and Trader Joe.
There are 110 defi lending applications with $45.62 billion in value locked, and 11 cross-chain bridges with $24.34 billion. There are 45 staking apps with $12.88 billion, and 295 protocols that provide a yield and command a TVL of around $24.02 billion.

A Number of Relatively Unknown Defi Protocols See Large TVL Percentage Gains
The top ten smart contract platforms in terms of market cap are all in the green today. Avalanche is the biggest gainer, jumping 14% during the last 24 hours, while the rest have seen percentage gains between 5.8% and 11.5%.
Relatively unknown defi platforms have seen significant percentage gains during the last seven days as well. Hakuswap’s TVL, for instance, has increased 11,497% this week. Wigoswap’s TVL jumped 10,163%, and Acumen saw its TVL increase by 5,174%.
These three defi protocols were followed by Cougarswap (2,290%), Dopex (1,990%), Polkex (551%), and Dehive (471%).
What do you think about this week’s action in the world of decentralized finance (defi)? Let us know what you think about this subject in the comments section below.