Aave and Uniswap were in the middle of the top 10 Ethereum protocols compared to the total locked price. In this middle, MakerDAO, Lido, and Curve DAO make up the top three Ethereum protocols over TVL.
In the top ten Ethereum protocols in terms of TVL, Uniswap also ranks first
Crypto analyst Ben GCrypto has shared the top ten Ethereum protocols in terms of Total Value Locked (TVL). In the list, MakerDAO (MKR), Lido Finance (LIDO), and Curve DAO (CRV) are in the middle of the top three Ethereum protocols compared to TVL. The analyst shared the following on his Twitter account:
Top 10 Ethereum protocols in terms of Total Locked Value. Ethereum is a complete ecosystem where anyone can create various distributed applications (Dapps), smart contracts, and even their own cryptocurrencies.
In the list shared by the crypto analyst, Aave (AAVE) ranks fourth with $4.13 billion. It is followed by Uniswap (UNI) in fifth place with $4.06 billion Total Price Locked. Convex Finance (CVX), Compound (COPM) and Instadapp (INST) are ranked sixth, seventh and eighth respectively. Finally, Balancer (BAL) and Frax Finance (FRAX) placed ninth and tenth.
Developments of altcoin projects in the list
Last year, MakerDAO announced that the DAO had sufficed, and that the Maker Foundation had fulfilled its bootstrapping responsibilities. This put the global community in charge of every aspect of the Maker Protocol.
Koindeks.com As you follow, Aave introduced Aave V3, which increases capital efficiency, increases security, improves cross-chain functionality and supports decentralization, in March. With the new Aave V3, many features such as Portals, High Efficiency Mode aka “E-Mode” and Isolation Mode have been included in the protocol.
Also, last week Lido conducted the first pilot integration of Distributed Verifier Technology (DVT) with SSV Network on Goerli test net. Lido mentioned that next month, progress on DVT testing and experiments will be updated to its community.
The analysis shared by the analyst focuses on Total Key Asset (TVL). However, the situation is a little different when it comes to market price. Because, the market price of Uniswap, which is in the fifth place, is 5.1 billion dollars. Lido and Aave, in third and fourth place, have a market capitalization of 1.1 billion. Frax Finance has a market value of 1.2 billion dollars in this middle. However, FRAX ranks lowest on this chart.