DeFi grew by $ 2 billion on April 14th. Thus, DeFi’s $ 53 billion TVL value increased to $ 55 billion.
While Bitcoin, Ethereum and some altcoins broke records, some DeFi platforms in the Ethereum network were positively affected by the activity in the cryptocurrency market. TVL value reached an all-time high of $ 55 billion.
The change in the three biggest lending platforms
Compound (COMP): Compound, which ranks first among lending platforms with a TVL value of $ 11.22 billion, raised its TVL value of $ 1.92 billion in early 2021. On a daily basis, the value of TVL increased by 5.53 percent.
The COMP price saw a 5 percent increase in the 24-hour time frame and went up to $ 496. The market value of COMP is around 2.3 billion dollars.
Maker (MKR): Maker is the second largest lending platform with TVL worth $ 8.75 billion. On a daily basis, this value saw an increase of 5.55 percent. The platform had a TVL value of $ 2.5 billion at the beginning of the year.
MKR rose 2 percent on a daily basis and its market value reached $ 2.2 billion.
Aave (AAVE): Ranking third with TVL value of $ 6 billion, the platform grew 3.2 percent on a daily basis. The platform had a TVL value of $ 2 billion at the beginning of 2021.
AAVE, on the other hand, saw an increase of 2 percent during the day. Its market value is around 5 billion dollars.
The change in the three biggest DEXs
Uniswap (UNI): While the total value of crowded assets in Uniswap was at the level of $ 6 billion, it saw an increase of 9.5 percent on a daily basis. This value was $ 1.7 billion at the beginning of the year.
UNI climbed as high as $ 36.74 in the 24-hour time frame. The market value of UNI is 18 billion dollars.
Curve Finance (CRV): The platform, which has a TVL value of $ 5.2 billion, grew by 3.9 percent in 24 hours. At the beginning of the year, this value was at the level of $ 1.5 billion.
The CRV increased by 3 percent on a daily basis and its market value was $ 847 million.
Sushiswap (SUSHI): With a TVL value of $ 4.12 billion, the platform saw 1.1 percent growth in 24 hours. The platform’s TVL value in early January was $ 1.1 billion.
SUSHI rose 6 percent within 24 hours and reached a market value of $ 2.3 billion.