The performance of the top five DeFi protocols in the month of March has been a mixed bag. While MakerDAO, Aave, and Lido all saw notable price appreciations, Curve and Uniswap suffered a significant decline in their TVLs. MakerDAO and Aave registered a 5.91% and 15.58% increase respectively, resulting in current TVLs of $7.63 billion and $5.5 billion. Lido constituted the highest gain, leading to a current TVL of $10.8 billion. On the other hand, Curve and Uniswap declined by 8.47% and 4.95%. Consequently, their TVLs stand at $4.68 billion and $3.95 billion, respectively. This development has occurred in a turbulent market atmosphere wherein the DeFi ecosystem registered a value of $49.94 billion. This figure has fluctuated significantly, dropping as low as $42.97 billion at the middle of the month before rebounding relatively.
Jayden Bennet
- 2023-03-30
Mixed Performance for Top Five DeFi Protocols in March
This article looks at the performance of the top five DeFi protocols in March and explains the fluctuating TVLs of the DeFi ecosystem in a turbulent market atmosphere.
![CandleFocus DeFi-March-TVLs-TurbulentMarket](https://images.candlefocus.com/Mixed-Performance-for-Top-Five-DeFi-Protocols-in-March.jpg)