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Waves Protocol’s Total Value Locked Exceeds $2 Billion (TVL)

In 2022, waves were an important feature of the decentralized finance sector. The protocol has gained 79 percent in TVL since the start of the year, according to BeInCrypto Research. Waves had a TVL of $1.33 billion on that day, and it peaked at around $2.39 billion on March 10, 2022.

So, Waves is a blockchain platform aimed at making the creation of Web3 decentralized protocols and apps (dApps) as well as the introduction of smart blockchain-based assets easier. Waves features various applications under the stablecoin, decentralized exchange, automated market maker, decentralized lending, and non-fungible token banners, as well as a growing ecosystem.

Source : DefiLlama

Stablecoin, Neutrino (NSBT) with more than $1.3 billion in total value locked, decentralized lending. So, Vires Finance (VIRES) with more than $760 million in total value locked. Then, Waves Exchange with more than $140 million in total value locked. Also, and Swop (SWOP) with more than $18 million in total value locked are some of the protocols that have contributed to the improved TVL of the Waves blockchain.

Others, such as the decentralized exchange PuzzleSwap, non-fungible game Waves Ducks. Then, and NFT Marketplace SIGN Art, have contributed to the overall value locked in a little way.

Source : DefiLlama

Waves has eclipsed Polkadot, Near, EOS, Cardano, Algorand, and Osmosis in total value locked after hitting $2 billion in March. All thanks to the performance of the aforementioned dApps.

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