Top 10 DeFi chains & billion dollars locked by them Part 3

Number 10 Cronos Value Locked: $1.7b

Cronos is an EVM compatible sidechain running in parallel with the Chain. It aims to massively scale the Chain DeFi ecosystem.

Number 9 Sushiswap(Arbitrum) Value Locked: $1.94b

SushiSwap (SUSHI) is an automated market maker.  AMMs are DEX which use smart contracts to create markets for any given pair of tokens.

Number 8 Polygon Value Locked: $5.55b

Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development.

Number 7 Tron Value Locked: $5.4b

TRON is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. TRON claims that its network has capacity for 2,000 TPS.

Number 6 Fantom Value Locked: $5.51b

Fantom is a directed acyclic graph (DAG) smart contract platform providing DeFi services to developers using its own bespoke consensus algorithm.

Number 5 SOLANA Value Locked: $12.2b

Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions.

Number 4 Avalanche Value Locked: $1.22b

Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. 

Number 3 BSC (Binance Smart Chain) Value Locked: $16.83 b

BSC is a network for DeFi, a financial system based on smart contracts for services like lending, trading and borrowing.

Number 2 Terra (LUNA) Value Locked: $20.62 billion

Terra is a blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems.

Number 1 Ethereum Value Locked: $158.4b

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether.

Disclaimer: Cryptogurukul has no relationship to these projects, and there is no endorsement or investment advise. Please seek professional advice before taking financial risks.