The Total Value Locked (TVL) in DeFi logs has reached an all-time high (ATH) and is currently at $ 256.57 billion.

TVL topped $ 200 billion in DeFi in the second week of October, and two weeks later, in November, that number rose 25%. The increase in value is not only due to adding more value to DeFi protocols, but also crypto assets like Ether (ETH), Solana (SOL) and Avalanche (AVAX) have increased significantly. Today, the TVL on the Ethereum blockchain is $ 172.75 billion, which is 67% of all blockchains.

TVL in DeFi on November 3rd, 2021 | Source: Defillama

The second largest DeFi blockchain in terms of TVL is Binance Smart Chain (BSC) at $ 19.68 billion, or 7.707%. Solana’s TVL rose 19.73% over the past week to $ 14.86 billion, or 5.58%. Tron saw 40.57% growth when its TVL was $ 6.19 billion. Arbitrum rebounded on ATH with a TVL of $ 2.69 billion, up 18.57% last week.

Top 10 DeFi blockchains according to TVL | Source: Defillama

transaction Daily on BSC, Ethereum, Polygon rose sharply

“Weekly Defi Report” is available publish from Coin98 Analytics states that Pancakeswap has reached “more than 600,000 daily active users” on BSC. In addition, the analysis also found that active BSC addresses were mining 1.9 million wallets per day.

Coin98 Analytics said that in addition to the increase in active addresses, BSC also saw an increase in daily transactions.

The address is active in the networks every day | Source: Coin98 Analytics

“BSC’s daily transactions increased along with the number of daily active addresses, reaching 10.8 million transactions this week. Ethereum and Polygon are also showing signs of growth in daily trading volume this week as Ethereum hit 1.5 million transactions per day (+ 18.26%) and Polygon 4.6 million transactions per day (+ 39.94%), ”adds the study by Coin98 Analytics added.

DeFi activity Curve, Uniswap, Quickswap, Trader Joe are constantly growing

On Wednesday, the DeFi Curve protocol saw a 9.28% increase in seven days with a TVL of $ 19.94 billion. Curve dominates 7.87% according to today’s figures. The largest DEX in terms of swap volume (swap) was Uniswap for the past 30 days at $ 16.53 billion.

Top 3 DEX apps in the past month | Source: Dappradar.com

Quickswap, Polygon’s popular DEX protocol (MATIC), saw a trading volume of $ 3.61 billion in the past few months. Avalanche-based trader Joe is the third largest by 30-day trading volume at $ 1.96 billion, according to Dappradar.com’s DEX ranking.

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