DeFi protocols across the top ecosystems — Ethereum, BSC, Solana, Avalanche, Polygon, Terra, etc — crossed $130 billion in cumulative TVL.
Ethereum still leads by a long shot, but growth on other L1 ecosystems is now undeniable as they account for 34% of DeFi TVL ($45.3 billion).
ALPHA, MKR, and UNI are clear market favorites amongst established DeFi projects.
SNX, YFI, and REN have been laggards, mostly due to a lack of short to mid term catalysts.
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