In mid-September, the total-value locked (TVL) in decentralized finance (defi) continues to climb higher, as the value held on Ethereum, Binance Smart Chain, Avalanche, Solana, and more blockchains has risen dramatically to $171 billion today. On the Ethereum network, there’s 270,783 bitcoin held in TVL worth more than $13 billion and $15 billion has been swapped across 14 different Ethereum-based decentralized exchange (dex) platforms. $23.8 billion has been swapped across a variety of blockchain protocols, according to a recently published defi weekly report.

Defi Growth Remains Exponential

A number of crypto assets like bitcoin (BTC) and ethereum (ETH) have increased in value during the last month, but for the most part, crypto-assets like solana (SOL) and avalanche (AVAX) stole the show during the last 30 days.

Defi TVL Climbs Higher, Optimism Use Rises, 270K BTC on ETH, Lending on ETH Taps $44 Billion
Across 14 different Ethereum-based dex platforms, there’s been $15 billion in swaps during the last seven days. Data recorded by Dune Analytics.

Decentralized finance (defi) solutions continue to grow…

Click to continue reading on its source location…