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TVL DEX dropped sharply last week

TVL DEX dropped sharply last week

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by Eve Adams

a year ago


According to data from CoinGecko, DefiLlama, and Crypto.com Research, this week the decentralized exchange (DEX) market demonstrated a negative trend. Research from Crypto.com shows that Uniswap remains the leader in total value locked (TVL) on the Ethereum blockchain with a figure of $4.88 billion, despite a 3.18% decrease over the past 7 days.

Next is PancakeSwap on the Binance Smart Chain (BSC) with a TVL of $1.75 billion, which also decreased by 3.43% over the reporting period. The third place is occupied by Aerodrome on Base with a total value locked of $610 million, representing a decline of 4.31%.

It is noted that all leading decentralized trading platforms showed a decrease in metrics. Among them, SUN on Tron showed the smallest decrease among the top DEXs, losing only 1.33% of its TVL and reaching $520 million.

Other significant DEXs include VVS Finance on Cronos with a TVL of $220 million and a drop of 5.77%, as well as Orca on Solana, which lost 9.99%, reaching $200 million. Velodrome on the Optimism blockchain recorded a 4.46% decrease, with a result of $120 million.

The largest drop this week was recorded by Trader Joe on the Avalanche blockchain, losing 14.08%, which reduced the total frozen funds in the protocol to $40 million. Quickswap on Polygon also showed a significant decline of 6.11%, with a TVL of $80 million. Sushi on Arbitrum recorded a decrease of 5.7%, reaching $30 million.

These data indicate the current negative trend in the decentralized finance market. A decrease in TVL is observed across all chains, which may indicate a decline in user activity or the withdrawal of funds from these platforms. Investors and market participants should consider these trends when making decisions and developing asset management strategies.

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