Ethereum's total value locked (TVL) within DeFi was much bigger than that other blockchains combined. TVL is the closest metric within the DeFi world to an overall market size. Over the course of 2021,the size of the decentralized finance market reached heights it had not reached in earlier years. As Ethereum is the main blockchain powering transactions for decentralized finance, price developments of this particular cryptocurrency can have a big impact on DeFi: On September 10, 2021, Ethereum's TVL decreased by over 28 billion U.S. dollars due to an overnight price drop.
Total value locked (TVL) across several Decentralized Finance, or DeFi, blockchains on August 27, 2024
(in million U.S. dollars)
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DefiLlama. (August 27, 2024). Total value locked (TVL) across several Decentralized Finance, or DeFi, blockchains on August 27, 2024 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1276161/defi-tvl-size-per-blockchain/
DefiLlama. "Total value locked (TVL) across several Decentralized Finance, or DeFi, blockchains on August 27, 2024 (in million U.S. dollars)." Chart. August 27, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1276161/defi-tvl-size-per-blockchain/
DefiLlama. (2024). Total value locked (TVL) across several Decentralized Finance, or DeFi, blockchains on August 27, 2024 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1276161/defi-tvl-size-per-blockchain/
DefiLlama. "Total Value Locked (Tvl) across Several Decentralized Finance, or Defi, Blockchains on August 27, 2024 (in Million U.S. Dollars)." Statista, Statista Inc., 27 Aug 2024, https://www.statista.com/statistics/1276161/defi-tvl-size-per-blockchain/
DefiLlama, Total value locked (TVL) across several Decentralized Finance, or DeFi, blockchains on August 27, 2024 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1276161/defi-tvl-size-per-blockchain/ (last visited December 21, 2024)
Total value locked (TVL) across several Decentralized Finance, or DeFi, blockchains on August 27, 2024 (in million U.S. dollars) [Graph], DefiLlama, August 27, 2024. [Online]. Available: https://www.statista.com/statistics/1276161/defi-tvl-size-per-blockchain/
