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 | 83.6% | 20 | $102 116.70 | 2.37% | 2.70% | $2 021 460 092 616 |  |
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|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 69.2% | 63 | $3 912.07 | -0.47% | -2.02% | $471 196 373 885 |  |
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| 3 |  XRP |
XRP predictions | 60.4% | 90 | $2.47 | 4.87% | 1.99% | $141 138 189 110 |  |
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| 4 |  USDT |
Tether predictions | 91.2% | 1 | $0.999982 | -0.02% | -0.14% | $140 131 177 908 |  |
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| 5 |  SOL |
Solana predictions | 77.6% | 34 | $226.15 | -0.64% | -3.94% | $108 332 233 027 |  |
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| 6 |  BNB |
Binance Coin predictions | 72.4% | 60 | $731.00 | 3.05% | -0.78% | $105 270 636 457 |  |
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| 7 |  DOGE |
Dogecoin predictions | 77.6% | 45 | $0.409827 | 0.40% | -5.76% | $60 323 093 648 |  |
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| 8 |  USDC |
USD Coin predictions | 94% | 1 | $0.999894 | -0.01% | 0% | $41 988 368 670 |  |
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| 9 |  ADA |
Cardano predictions | 62.8% | 74 | $1.12 | 0.68% | -7.21% | $39 228 078 149 |  |
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| 10 |  TRX |
TRON predictions | 57.6% | 93 | $0.291593 | -0.47% | -10.06% | $25 148 527 188 |  |
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| 11 |  AVAX |
Avalanche predictions | 68.8% | 65 | $52.60 | 0.18% | 1.15% | $21 549 114 067 |  |
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| 12 |  LINK |
Chainlink predictions | 59.6% | 87 | $29.49 | -1.95% | 10.35% | $18 486 768 963 |  |
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| 13 |  SHIB |
SHIBA INU predictions | 69.6% | 68 | $0.000029 | 2.06% | -6.65% | $16 885 125 234 |  |
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| 14 |  TON |
Toncoin predictions | 69.2% | 69 | $6.32 | -1.03% | -7.04% | $16 112 935 640 |  |
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| 15 |  DOT |
Polkadot predictions | 60.4% | 78 | $9.03 | -1.14% | -14.24% | $13 803 585 859 |  |
