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 | 75.2% | 50 | $48 706.73 | -9.26% | -10.81% | $920 132 432 479 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 82.4% | 33 | $4 059.61 | -3.80% | -0.61% | $481 495 723 238 |  |
|
| 3 |  BNB |
Binance Coin predictions | 82% | 32 | $562.06 | -5.77% | -6.99% | $93 752 606 143 |  |
|
| 4 |  USDT |
Tether predictions | 94% | 1 | $0.999843 | -0.04% | -0.10% | $74 146 017 092 |  |
|
| 5 |  SOL |
Solana predictions | 69.2% | 62 | $200.85 | -6.55% | 3.29% | $61 387 860 524 |  |
|
| 6 |  ADA |
Cardano predictions | 64.8% | 72 | $1.41 | -10.52% | -9.18% | $46 958 385 031 |  |
|
| 7 |  USDC |
USD Coin predictions | 95.6% | 2 | $0.999385 | -0.03% | -0.05% | $39 796 534 169 |  |
|
| 8 |  XRP |
XRP predictions | 65.6% | 70 | $0.834001 | -10.39% | -11.92% | $39 404 303 399 |  |
|
| 9 |  DOT |
Polkadot predictions | 62.8% | 76 | $29.08 | -14.58% | -17.21% | $28 721 201 555 |  |
|
| 10 |  LUNA |
Terra predictions | 66.8% | 65 | $71.05 | 5.47% | 63.77% | $27 565 404 822 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 66% | 74 | $0.175319 | -12.61% | -14.55% | $23 209 784 837 |  |
|
| 12 |  AVAX |
Avalanche predictions | 64.8% | 73 | $90.70 | -14.60% | -19.51% | $22 013 847 272 |  |
|
| 13 |  SHIB |
SHIBA INU predictions | 64.8% | 73 | $0.000037 | -9.62% | -5.62% | $20 243 352 002 |  |
|
| 14 |  CRO |
Crypto.com Chain predictions | 57.6% | 86 | $0.595382 | -5.97% | -25.47% | $15 041 152 356 |  |
|
| 15 |  BUSD |
Binance USD predictions | 96% | 1 | $0.999915 | 0.09% | -0.01% | $13 732 244 013 |  |
