DeFi protocols that focus on multi-chain, equities, and stablecoins are gaining traction.

Despite the current dip in the crypto market, Balancer, DeFiChain, and cBridge all experienced an increase in total value locked. Due to global economic challenges on several fronts, supply chain restrictions, scorching inflation, and the ongoing war in Ukraine, the cryptocurrency market has had an uphill struggle throughout the most of 2022.

Despite the general downturn in crypto assets, numerous decentralized finance (DeFi) protocols have been able to improve their foundations and attract new users to their ecosystems. Here are four protocols that are exhibiting signs of resilience even as the crypto industry as a whole struggles to find its feet.


Balancer (BAL) is an Ethereum (ETH)-based automated market maker (AMM) that provides users with a variety of DeFi features such as the ability to stake tokens, provide liquidity, participate in governance votes, and execute token swaps.

Despite declining cryptocurrency prices, the total value locked (TVL) on Balancer is presently $3.54 billion, according to statistics from Token Terminal. This is the third-highest TVL in the protocol's history. The Balancer TVL's long-term viability is owed in part to an increase in assets committed in stablecoin pools on the platform, as well as a more involved governance structure that allows veBAL hodlers to vote on which pools get the majority of BAL reward emissions.


DeFiChain (DFI) is a DeFi protocol that was forked from the Bitcoin code and works in tandem with the Bitcoin network to provide users with access to crypto assets and tokenized equities.

According to Defi Llama data, DeFiChain's TVL achieved a new all-time high of $901.16 million on April 5 and is now at $831 million following the latest price drop. DFI's price has stayed reasonably stable in comparison to the rest of the crypto market, now trading at $4.12 after reaching a high of $4.63 on April 3. DeFiChain's robustness is owed in part to the protocol's ongoing development and extension, which recently included support for tokenized equities for Walt Disney Company, iShares MSCI China ETF, MicroStrategy Incorporated, and Intel Corporation.

NEAR Protocol

The NEAR protocol (NEAR) is a layer-one blockchain network that aims to serve as a community-run cloud computing platform with fast transaction rates at a reasonable cost.

The price of NEAR hit an all-time high of $20.42 on Jan. 16, and the most recent rally saw the price rebound to $19.81 on April 7. 2022 has been a good year in general for the project, with the price of NEAR hitting an all-time high of $20.42 on Jan. 16 and the most recent rally seeing the price rebound to $19.81 on April 7. According to statistics from Defi Llama, the NEAR protocol has never had it so good in DeFi, with the total value locked on the network presently at a record-high of $363.72 million. NEAR's fundamentals are strengthening as a result of the successful conclusion of a $350 million fundraising round headed by New York-based hedge firm Tiger Global, as well as anticipation that the NEAR token might be listed on Coinbase shortly.


Celer's cBrige, a multi-chain network that allows assets to be transferred across 26 distinct blockchain networks and layer-2 protocols, is also doing well. The cBridge protocol's TVL is continually increasing as the protocol's list of supported networks grows, with some of the most recent additions including Astar, Crab Smart Chain, Milkomeda Cardano, and Shiden.

The total value of all cryptocurrencies is currently $1.846 trillion, with Bitcoin commanding 40.9 percent of the market.


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