Value Locked in Defi Rebounds — Smart Contract Tokens CPH, LUNA, XCP Lead the Pack – Defi Bitcoin News

Value Locked in Defi Rebounds — Smart Contract Tokens CPH, LUNA, XCP Lead the Pack


The total value locked in decentralized finance (defi) has managed to jump above the $200 billion zone, as crypto markets have rebounded from the market downturn last week. A number of native assets from the $611 billion worth of smart contract protocols have seen double-digit gains with cypherium (CPH), counterparty (XCP), and terra (LUNA) leading the pack.

TVL in Defi Jumps Back Above $200 Billion — Cypherium, Counterparty, Terra Rise

Crypto markets have recovered after initially dropping after Russia invaded Ukraine three days ago and the rebound has pushed defi value up as well. After falling beneath the $200 billion mark, the total value locked (TVL) in defi has jumped back above the zone to $200.94 billion on February 27.

The TVL in defi across all the top blockchains hit a low of $185.9 billion on January 28 and it’s up 10.61% since that day. Curve dominance is 8.68% on Sunday with $17.86 billion total value locked but the defi protocol’s TVL is down 5.61% since last week.

Value Locked in Defi Rebounds — Smart Contract Tokens CPH, LUNA, XCP Lead the Pack
Total value locked in decentralized finance (defi) according to data on Sunday, February 27, 2022.

Ethereum dominance, in terms of the TVL in defi today, is 55.94% with the current $112.36 billion TVL. Terra’s the second-largest blockchain TVL in defi on Sunday with $20.17 billion which is 10.04% of the TVL in defi.

The third-largest blockchain TVL in defi is Binance Smart Chain (BSC) with $12.13 billion locked. metrics show Chainlink is the largest defi oracle today securing 138 protocols with $52.66 billion locked.

In terms of smart contract coins, cypherium (CPH) was this week’s biggest gainer with a 330% gain. The smart contract coin, in terms of this week’s second-largest gains, is the old-school token counterparty (XCP). Counterparty has jumped 54% higher in value against the U.S. dollar during the last seven days.

Terra (LUNA) managed to spike by 52% this past week as the coin is the third-largest smart contract token gainer this week. At the time of writing, the aggregate value of all the smart contract platform native tokens in existence is $611 billion down 0.3% in the last day.

Presently, there’s $23.63 billion TVL across cross-chain bridge platforms today up 16.6% since last week. The count of unique bridge deposit addresses during the last month is 57,911 addresses.

Value Locked in Defi Rebounds — Smart Contract Tokens CPH, LUNA, XCP Lead the Pack
Santiment chart published by Coin98 Analytics on February 19, 2022, shows the most active developer count per blockchain.

The top five blockchains in terms of cross-chain bridge TVL on Sunday, February 27 include Avalanche, Polygon, Fantom, Ronin, and Arbitrum. Moreover, data collected by Coin98 Analytics from Santiment indicates that Solana has the most active developer count as of February 19, 2022. Solana’s developer count is followed by Ethereum, Cardano, Polkadot, Cosmos, and Terra.

Tags in this story

active devs, Avalanche, Binance Smart Chain, BSC, Chainlink, Coin98 Analytics, Counterparty, cross-chain bridge, cross-chain bridge platform, cypherium (CPH), DeFi, defi economy, defi locked, Defi protocols, Defi TVL, Developers, ETH, Ethereum, Fantom, LUNA, projects, Protocols, smart contract coins, Smart Contracts, Terra, tron, TVL, TVL in defi, XCP

What do you think about this week’s decentralized finance action? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons, Coin98 Analytics,, Santiment,

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