Approximately nine days ago, the total value locked (TVL) in decentralized finance (defi) across various blockchains was around $176 billion. At that time, bitcoin ($49,937) and ethereum ($3,886) fiat values were much higher. Despite the fact that the crypto economy and these coins have dipped in value, the TVL across defi has continued to rise, climbing more than 5% to $185.32 billion.

Defi TVL Across All Chains Rises by More Than 5% Over 9 Days

Decentralized finance (defi) has attracted billions of dollars and at the time of writing, the total value locked across a myriad of blockchains is around $185.32 billion. That’s approximately 5.113% higher than the TVL was nine days ago.

As the Crypto Economy Slumps, Total-Value Locked in Defi Continues to Rise
At the time of writing, the TVL held in defi is $185 billion and more than 5% higher than it was nine days ago.

Statistics from the defillama.com dashboard indicate that there’s been a 2.10% rise during the last day and the defi platform Aave has the highest dominance level in terms of TVL (7.40%). In the last day, Aave has increased 2.69%,…

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Source: https://news.bitcoin.com/as-crypto-economy-slumps-total-value-locked-in-defi-continues-to-rise/