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 | 84.4% | 28 | $19 030.21 | -0.32% | -5.10% | $364 618 489 584 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 74.4% | 56 | $1 326.48 | 0.13% | -8.81% | $162 515 564 561 |  |
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| 3 |  USDT |
Tether predictions | 91.6% | 1 | $1.000084 | 0% | 0% | $67 960 431 405 |  |
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| 4 |  USDC |
USD Coin predictions | 94.8% | 1 | $0.999981 | -0.01% | -0.01% | $49 713 550 202 |  |
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| 5 |  BNB |
Binance Coin predictions | 86.4% | 17 | $276.61 | -2.41% | -0.50% | $44 627 031 173 |  |
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| 6 |  XRP |
XRP predictions | 64.8% | 72 | $0.486640 | -3.42% | 30.75% | $24 258 385 474 |  |
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| 7 |  BUSD |
Binance USD predictions | 91.2% | 1 | $1.000205 | 0.02% | 0.07% | $20 521 449 661 |  |
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| 8 |  ADA |
Cardano predictions | 82% | 32 | $0.454931 | -1.45% | -5.80% | $15 571 509 175 |  |
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| 9 |  SOL |
Solana predictions | 84% | 31 | $33.80 | 0.27% | 0.09% | $11 987 371 735 |  |
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| 10 |  STETH |
Lido stETH predictions | 90.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 11 |  DOGE |
Dogecoin predictions | 86.8% | 14 | $0.063036 | -4.59% | 2.47% | $8 363 011 604 |  |
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| 12 |  DOT |
Polkadot predictions | 78.8% | 43 | $6.31 | -2.20% | -9.86% | $7 073 245 562 |  |
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| 13 |  DAI |
Dai predictions | 91.2% | 1 | $1.000136 | 0.03% | 0.02% | $6 930 359 263 |  |
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| 14 |  MATIC |
Polygon predictions | 72.8% | 54 | $0.761561 | -1.51% | -7.49% | $6 651 718 356 |  |
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| 15 |  SHIB |
SHIBA INU predictions | 74.4% | 42 | $0.000011 | 1.38% | -3.89% | $6 272 885 542 |  |
