The decentralized finance (DeFi) market size in May 2021, as measured by the amount of cryptocurrency locked, decreased by over 25 billion USD within a single week. Partially, this could have been caused by significant changes in the price of nearly 100 different cryptocurrencies which may have led to investors pulling out. Another factor are growing gas prices (transaction fees) of Ethereum, the main cryptocurrency of use within DeFi. Analysts observe that during drops of the crypto market, a need arises for alternative blockchain networks that do not run on Ethereum. One multichain alternative of note is Polkadot, as its price development attracted growing interest from crypto fund managers in early 2021.
TVL (total value locked) in Decentralized Finance (DeFi) on the Ethereum blockchain from November 2018 to November 22, 2022
(in million U.S. dollars)
Characteristic
TVL in million U.S. dollars
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Numbers refer to the total balance of Ether (ETH) and ERC-20 tokens held by these smart contracts. The source does not clarify whether these figures capture the full market or not; The numbers provided are based on USD value against cryptocurrencies, and are therefore likely to change often. Statista aims to keep up with these changes, but a delay is possible.
Supplementary notes
Monthly figures are as of the end of that particular month.
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Website (DeFi Pulse). (November 22, 2022). TVL (total value locked) in Decentralized Finance (DeFi) on the Ethereum blockchain from November 2018 to November 22, 2022 (in million U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1237821/defi-market-size-value-crypto-locked-usd/
Website (DeFi Pulse). "TVL (total value locked) in Decentralized Finance (DeFi) on the Ethereum blockchain from November 2018 to November 22, 2022 (in million U.S. dollars)." Chart. November 22, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1237821/defi-market-size-value-crypto-locked-usd/
Website (DeFi Pulse). (2022). TVL (total value locked) in Decentralized Finance (DeFi) on the Ethereum blockchain from November 2018 to November 22, 2022 (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1237821/defi-market-size-value-crypto-locked-usd/
Website (DeFi Pulse). "Tvl (Total Value Locked) in Decentralized Finance (Defi) on The Ethereum Blockchain from November 2018 to November 22, 2022 (in Million U.S. Dollars)." Statista, Statista Inc., 22 Nov 2022, https://www.statista.com/statistics/1237821/defi-market-size-value-crypto-locked-usd/
Website (DeFi Pulse), TVL (total value locked) in Decentralized Finance (DeFi) on the Ethereum blockchain from November 2018 to November 22, 2022 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1237821/defi-market-size-value-crypto-locked-usd/ (last visited July 22, 2024)
TVL (total value locked) in Decentralized Finance (DeFi) on the Ethereum blockchain from November 2018 to November 22, 2022 (in million U.S. dollars) [Graph], Website (DeFi Pulse), November 22, 2022. [Online]. Available: https://www.statista.com/statistics/1237821/defi-market-size-value-crypto-locked-usd/
