Bitcoin
Bitcoin (BTC)
$69,887.00 4.78775
Bitcoin price
Ethereum
Ethereum (ETH)
$3,630.01 3.47268
Ethereum price
BNB
BNB (BNB)
$630.39 4.32939
BNB price
Solana
Solana (SOL)
$159.51 5.93225
Solana price
XRP
XRP (XRP)
$0.4975840 3.36987
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000229 4.70527
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000136 12.14803
Pepe price
Bonk
Bonk (BONK)
$0.0000303 10.23682
Bonk price
Bitcoin
Bitcoin (BTC)
$69,887.00 4.78775
Bitcoin price
Ethereum
Ethereum (ETH)
$3,630.01 3.47268
Ethereum price
BNB
BNB (BNB)
$630.39 4.32939
BNB price
Solana
Solana (SOL)
$159.51 5.93225
Solana price
XRP
XRP (XRP)
$0.4975840 3.36987
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000229 4.70527
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000136 12.14803
Pepe price
Bonk
Bonk (BONK)
$0.0000303 10.23682
Bonk price
Bitcoin
Bitcoin (BTC)
$69,887.00 4.78775
Bitcoin price
Ethereum
Ethereum (ETH)
$3,630.01 3.47268
Ethereum price
BNB
BNB (BNB)
$630.39 4.32939
BNB price
Solana
Solana (SOL)
$159.51 5.93225
Solana price
XRP
XRP (XRP)
$0.4975840 3.36987
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000229 4.70527
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000136 12.14803
Pepe price
Bonk
Bonk (BONK)
$0.0000303 10.23682
Bonk price
Bitcoin
Bitcoin (BTC)
$69,887.00 4.78775
Bitcoin price
Ethereum
Ethereum (ETH)
$3,630.01 3.47268
Ethereum price
BNB
BNB (BNB)
$630.39 4.32939
BNB price
Solana
Solana (SOL)
$159.51 5.93225
Solana price
XRP
XRP (XRP)
$0.4975840 3.36987
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000229 4.70527
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000136 12.14803
Pepe price
Bonk
Bonk (BONK)
$0.0000303 10.23682
Bonk price
SirWin
SirWin
SirWin

How the top 5 DeFi protocols performed in March

how-the-top-5-defi-protocols-performed-in-march
Edited by
Recap
How the top 5 DeFi protocols performed in March

MakerDAO and Aave saw notable gains, while Curve and Uniswap declined in terms of TVL in March. This article will discover how these and other DeFi protocols behaved in March.

The DeFi landscape is currently exhibiting a combination of favorable and unfavorable trends in the Total Value Locked (TVL) of its leading five protocols. Notably, Lido, MakerDAO, and Aave have observed significant increments in their TVLs over the course of the month, whereas Curve and Uniswap have suffered considerable declines.

The uncertainties began with the collapse of three high-profile banks in the United States and the more recent regulatory effort against Binance.

DeFi TVL on March 30 | Source: DeFi Llama
DeFi TVL on March 30 | Source: DeFi Llama

The TVL of the DeFi ecosystem was $49.64 billion at the start of March. It decreased to a low of $42.97 billion on March 12, but rebounded to $50.33 billion 12 days later. Currently, the value stands at $49.94 billion at the time of writing.

Lido’s value increased by 13.45% in March, resulting in a current TVL of $10.8 billion. Lido is currently the biggest DeFi protocol, constituting 21.6% of the entire DeFi ecosystem’s TVL. Moreover, Lido has observed a 2.98% increase in TVL in the past week.

Top 5 DeFi protocols on March 30 | Source: DeFi Llama
Top 5 DeFi protocols on March 30 | Source: DeFi Llama

While MakerDAO’s TVL has decreased by 1.61% in the past week, the protocol has witnessed a 5.91% surge in value this month. Consequently, the protocol’s total value locked is $7.63 billion at the time of writing.

Aave, the Ethereum-based lending platform, has observed the most substantial increase this month among the top five DeFi protocols. Since the beginning of March, Aave’s TVL has risen by 15.58%, reaching the $5.5 billion mark. 

Curve and Uniswap, the last two protocols on the top five list, have experienced a decline in their TVLs over the past month. Curve’s TVL has dropped by 8.47%, whereas Uniswap has faced a 4.95% decline. Furthermore, Curve’s value currently stands at $4.68 billion, with Uniswap’s dipping to $3.95 billion.