DeFi TVL sets new record as BSC-powered protocols add billions
Despite many leading Ethereum-powered DeFi protocols posting a weekly loss, the success of Binance Smart Chain is pushing the TVL of decentralized finance into new highs. According to data aggregator DeFi Llama, nearly $79 billion in assets are currently locked in decentralized finance protocols.
As such, DeFi’s TVL is currently equal to roughly twice the capitalization of third-ranked crypto asset Binance Coin, nearly one-third of Ethereum's market cap, and on-par with the capitalization of top 200-ranked global company Snap Inc — the company behind Snapchat.
The majority of TVL growth for the past week appears to have been driven by a handful of platforms, with only three of the sector’s 10-largest protocols posting growth. Binance Smart Chain-native DApps continue to lead the sector’s growth, with fourth-ranked PancakeSwap adding roughly 29% or $1.3 billion to its TVL last week. Newcomer stablecoin DEX, Ellipsis Finance, has also attracted significant capital — representing $1.9 billion and ranking 13th by TVL less than one week after launching.
Significant gains were also posted by a few Ethereum-based projects, with 11th-ranked Instadapp doubling its TVL to add $1.05 billion, 14th-ranked Yearn Finance also doubling i TVL with a roughly $850 million increase, and 18th-ranked Vesper Finance increasing by 84% to surpass $1 billion within six weeks of launching.
While the combined TVL of DeFi protocols is up roughly 10% over the past seven days, data from crypto analytics provider Messari suggests the average performance of DeFi assets for the past week has been a loss of roughly 1%. The total value locked in DeFi protocols continues to push into new record highs, despite most leading Ethereum-powered decentralized finance platforms experiencing drawdowns this past week.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 61.2% | 89 | $29 830.80 | 2.19% | -0.06% | $568 243 367 260 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 60% | 88 | $1 978.78 | 0.62% | -2.65% | $239 264 661 104 |  |
|
| 3 |  USDT |
Tether predictions | 94.8% | 1 | $0.998948 | -0.01% | 0% | $73 198 034 338 |  |
|
| 4 |  BNB |
Binance Coin predictions | 58% | 85 | $332.68 | 3.46% | 10.72% | $54 319 345 181 |  |
|
| 5 |  USDC |
USD Coin predictions | 94.4% | 1 | $1.000136 | 0.03% | 0.01% | $53 412 996 775 |  |
|
| 6 |  XRP |
XRP predictions | 58.4% | 91 | $0.404298 | -0.23% | -5.30% | $19 544 998 936 |  |
|
| 7 |  BUSD |
Binance USD predictions | 96% | 1 | $1.001442 | 0.19% | 0.27% | $18 332 749 036 |  |
|
| 8 |  ADA |
Cardano predictions | 56.4% | 92 | $0.518095 | 1.03% | -7.86% | $17 480 010 174 |  |
|
| 9 |  SOL |
Solana predictions | 56.8% | 92 | $49.23 | 0.27% | -10.01% | $16 702 932 943 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 56% | 88 | $0.083177 | 0.07% | -6.02% | $11 035 092 589 |  |
|
| 11 |  DOT |
Polkadot predictions | 59.6% | 92 | $10.02 | 1.90% | -3.47% | $9 896 804 667 |  |
|
| 12 |  WBTC |
Wrapped Bitcoin predictions | 60.4% | 89 | $29 797.90 | 2.06% | -0.08% | $8 224 307 082 |  |
|
| 13 |  AVAX |
Avalanche predictions | 60.4% | 91 | $28.68 | -0.32% | -14.23% | $7 766 240 935 |  |
|
| 14 |  TRX |
TRON predictions | 73.6% | 57 | $0.081485 | 5.37% | 12.78% | $7 711 237 884 |  |
|
| 15 |  DAI |
Dai predictions | 94.4% | 1 | $1.000233 | 0.06% | 0.05% | $6 576 996 511 |  |
