Cryptocurrency Q&A
Which cryptocurrency has the highest TVL?
Which cryptocurrency has the highest TVL?
Stefano
Wed Jul 17 2024
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5 answers
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In the rapidly evolving world of cryptocurrencies and decentralized finance, the Total Value Locked (TVL) metric has become a key indicator of a protocol's popularity and success. So, the question begs: Which cryptocurrency currently holds the distinction of having the highest TVL? With numerous protocols emerging and evolving, the competition to capture the largest share of locked value is fierce. This begs the question, is it Ethereum, the pioneer of smart contracts, or perhaps a newer entrant like Solana, Polygon, or Terra? The answer to this question could reveal insights into which blockchain networks are attracting the most capital and attention in the decentralized finance space.
5 answers
Claudio
Fri Jul 19 2024
Curve stands as the cryptocurrency with a remarkable market position, boasting the highest TVL and occupying a significant 9.7% of the market share.
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Rosalia
Fri Jul 19 2024
With a TVL of $17 billion, Curve commands a leading position among its peers, followed closely by Lido with a TVL of $15.4 billion.
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noah_wright_author
Fri Jul 19 2024
Anchor, another notable player in the cryptocurrency space, holds a TVL of $12.6 billion, demonstrating its significant influence in the market.
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ThunderBreezeHarmony
Fri Jul 19 2024
MakerDao, a well-known decentralized finance protocol, also holds a respectable TVL of $11.5 billion, indicating its stronghold in the industry.
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SumoMighty
Thu Jul 18 2024
In 2022, Ethereum emerged as the largest network in terms of DeFi TVL, surpassing all other blockchains. Its dominance is evident, accounting for over half of the total DeFi volume worldwide.
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