Although NFTs have sucked up most of the attention this week thanks to high volumes and splashy sales of Art Blocks and Bored Apes, decentralized finance protocols have quietly been attracting larger stores of capital.
The “total value locked” (TVL) in DeFi protocols across all blockchains hit an all-time high this week of $157 billion, according to data from DeFi Llama.
DeFi refers to blockchain-based applications that allow for a range of financial transactions, from lending and borrowing to derivatives trading and asset swaps. Though DeFi got its start on the Ethereum blockchain, which employs automated smart contracts that remove intermediaries such as banks and brokers from the process, it has since grown to other blockchains with smart contracts, the biggest being Binance Smart Chain and Solana.
When traders, investors, or speculators use a DeFi lending platform such as Aave or Compound, they deposit crypto assets they hold so that others may borrow them; in return, they get c
Źródło: https://decrypt.co/79429/ethereum-binance-smart-chain-solana-send-defi-value-record-levels
