Which is a decentralized exchange within the NEAR ecosystem, deployed on the Aurora chain. In addition to the major public chains, the fastest-growing TVL in the last 31 days was Aurora, which rose 456.88% from $100 million to $590 million, helped by Trisolaris.
For more information on Terra, see “Will Terra crack the Top 3 in Q4?” Terra can buck the trend of declining TVL on mainstream public chains, helped by the presence of Lending’s Anchor and Staking’s Lido on its chain. On 20-27 Dec, Terra surpassed Binance as the second-largest public chain in terms of TVL, and on 28th, Binance overtook it. Terra set a record high, capturing 6.67% of the market with a 65.05% growth rate and $18.04 billion TVL, overtaking Avalanche ($12.84 billion TVL, 4.74% market share) and Solana ($11.2 billion TVL, 4.14% market share) to rank third behind Ether ($167.88 6.02% market share) and Binance ($18.4 billion TVL, 6.80% market share) in third place.įootprint Analytics – Market Share of TVL For Chains
Public chains compete fiercely, each with its own way of capturing the market Curve Financial’s TVL for the month was US$20.81 billion, up 27.9% MoM. As of 31-Dec, DeFi’s TVL was US$270.69 billion, down 5.23% MoM.Ĭurve continued to dominate this month, leading the DEX race for the fourth consecutive month. The Layer2 and cross-chain bridge TVL increased by 3,510.54% and 270.44% respectively, however, the TVL share was not high and thus did not contribute much to the growth of the overall DeFi TVL in total. The Assets segment saw the largest decline in December, down 60% MoM, due to the negative performance of the cryptocurrency market. The price dive of BTC and ETH was perhaps the result of a combination of multiple market factors.Įxcessive leverage and large open positions for the future.Sluggish growth in the number of active addresses and a lack of liquidity.Tightening of the Federal Reserve’s monetary policy.In addition, the completion of the liquidation of Chinese users by cryptocurrency exchanges this month, such as Huobi Global, also had a partial impact.DeFi TVL down 5.23% MoM As of 31-Dec, ETH’s Market Cap was US$4.4 trillion. The highest daily trading volume during the month was $40.3 billion. As of 31-Dec, BTC’s Market Cap was US$8.8 trillion. The highest daily trading volume during the month was $57.7 billion. Next, we take a closer look at the overall crypto market in December with data from Footprint Analytics.īTC, ETH have flash crashes, down over 20%įootprint Analytics data shows that in December the price of BTC fell from $57,179 to $46,472, a drop of 23%. BTC and ETH had a flash crash and NFT trading market growth returned to a modest positive. Growth in the crypto market slowed in December, with DeFi‘s TVL falling to $270.69 billion, down 5.23% MoM, and failing to exceed $300 billion.
6 min read Footprint Analytics Info TwitterShare this article Tweet Post Share Post Email.Description: With the crypto market slowing down and competition from public chains fierce, Terra is looking to replace Binance.