Have you invested in Ethereum, BNB Chain or Tron? here’s what the latest TVL figures say





From east to west, north to south, from NFTs to decentralized finance (DeFi), the negative impact of the winter of crypto-currencies was undeniable.

In fact, according to DefiLlama, the DeFi ecosystem saw a 69% drop in total blocked volume (TVL) across protocols across all channels in the first half of the year. However, following a bullish retracement lately, an uptick has been seen in the TVLs of major protocols. With a figure of $89.06 billion at press time, the market’s TVL is up 18% in the last 30 days alone.

How did the three main chains – Ethereum, BNB Chain and Tron – perform?

The story of 3 chains

With a TVL of $57.21 billion, the Ethereum network enjoys over half (64%) of the total TVL market share of $89.06 billion. Read also: TerraUSD (UST) Joins Nexo Exchange and Offers Double Yield Rewards. During the first half of the year, the network recorded a drop of 69%. At the end of the second quarter, the TVL on Ethereum stood at $46.11 billion.

As the past 30 days have seen growth in TVL, the Ethereum network has seen a 19% increase over this period. With a TVL of $8.56 billion, MakerDAO prides itself as the number one protocol hosted on the Ethereum network. In the first half of the year, its market value fell by 58%. After experiencing some correction, it has increased by 10% in the last 30 days.

BNB Chain is hot on Ethereum as the network with the second largest TVL. The channel holds a 7.5% ($6.86 billion) TVL share of the overall market. In the first half of 2022, the TVL of the network decreased by 62%. As of June 30, it amounted to $6 billion. The TVL of the BNB channel has also increased by 14% in the last 30 days.

With $3.15 billion in TVL, PancakeSwap has the highest TVL on the BNB channel. After declining from $5.53 billion to $2.95 billion in the first half of the year, the protocol’s TVL has seen some recovery over the past 30 days. It increased by 7% during this period.

Additionally, Tron follows the BNB channel with a TVL of $5.9 billion. In the first two quarters of the year, the Tron network saw a 32% drop in TVL. The network has seen the most gains over the past 30 days, with its TVL up 49%.

JustLend, the network’s leading protocol, also increased its TVL by 62% over the same period.

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Be vigilant and consult your financial adviser before making any investment decision. Mirror-Mag cannot be held responsible in the event of bad investments. Before using any third-party service, you should do your own research.

Thomas E.
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