Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»BLOCKCHAIN NEWS»Ethereum Liquid Restake Will Increase DeFi TVL to $100 Billion in Q1 2024
BLOCKCHAIN NEWS

Ethereum Liquid Restake Will Increase DeFi TVL to $100 Billion in Q1 2024

By Crypto FlexsApril 19, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum Liquid Restake Will Increase DeFi TVL to 0 Billion in Q1 2024
Share
Facebook Twitter LinkedIn Pinterest Email





Compared to previous quarters, total value locked (TVL) in decentralized finance (DeFi) approximately doubled during the first quarter of 2024, indicating that DeFi has achieved tremendous growth compared to previous quarters. This surge can be attributed, at least in part, to Ethereum’s liquidity re-staking activity, which was the driving force behind the DeFi TVL price expansion. Protocols like Lido and EigenLayer have been essential to this growth as they have contributed to the widespread adoption of liquid staking and re-staking.

According to a recent study, DeFi TVL increased significantly from a low of $36 billion in Q4 2023 to around $97 billion in Q1 2024. This is an 81% increase and a high point for DeFi. This is the TVL achieved over the past two years. There was a slight increase in TVL data provided by Messari, which said the amount of DeFi collateral increased 65.6% from the previous quarter, reaching $101 billion. Various factors, including the rise in the value of the underlying asset and the implementation of liquidity re-staking, contributed to the expansion of TVL.

Rising asset prices and liquidity re-staking were both major factors contributing to the increase in Ethereum’s Total Asset Value (TVL), which was approximately 71% higher than before. Lido and EigenLayer are two examples of protocols that have been instrumental in the revival of DeFi TVL since its inception. On March 13, liquid staking TVL reached an all-time high of $63 billion. This result was primarily driven by the Ethereum liquid staking protocol Lido, which currently controls a 62% market share of the liquid staking ecosystem. Additionally, the first three months of 2024 saw a significant increase in the popularity and utilization of the liquidity recovery protocol known as EigenLayer. The total value of EigenLayer TVL reached $12 billion at the end of the quarter, representing an impressive 990% increase. EigenLayer allows you to stake your Ethereum multiple times, increasing your profits.

In addition to liquid re-staking activity, user activity also had a significant impact on DeFi TVL expansion. This growth is not only contributed by the liquid re-staking plan. In the most recent quarter, QuickNode saw a significant 29.1% increase in user activity compared to the previous quarter, fueling expectations of a second “DeFi Summer.” Despite the SEC’s attempts to regulate the decentralized finance sector, there are signs that expansion and a paradigm shift are on the horizon.

However, due to the current recession in the cryptocurrency market, the value of DeFi TVL has decreased. As this article was being written, the value of DeFi TVL had decreased by 11%, reaching $86.6 billion. The overall value of assets locked in DeFi protocols has been negatively impacted by the larger market downturn, resulting in this decline.

Image source: Shutterstock

. . .

tag


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

British trail EU, US encryption regulation, think tank warning

June 22, 2025

ZKJ Crypto Price Pumps 20%: Dead Cat Bounces?

June 17, 2025

Stripe acquiring Privy, a password wallet provider after $ 1.1B Stablecoin Deal

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Spot trading vs. margin transaction of encryption

June 22, 2025

British trail EU, US encryption regulation, think tank warning

June 22, 2025

XRP Falls 7% Due To Lawsuit, CryptoMiningFirm Helps You Make $81,350 A Day And Avoid The Turbulence Of The Cryptocurrency Market

June 21, 2025

HyperLend Protocol Thanksgiving Summary -Ackee Blockchain

June 21, 2025

Byreal Launches With Strategic Support From Bybit On Solana

June 21, 2025

Currently the most searched Cryptocurrencies: The reason why this coin is attracting investors’ attention

June 21, 2025

Litecoin Key Support in Focus Price Eye Brake Out Determination

June 20, 2025

TUIMAX Secures U.S. MSB License To Build A Globally Trusted Trading Platform

June 20, 2025

Flipster And Aptos Foundation Partner To Drive Stablecoin Adoption And Unlock Multichain Opportunities

June 20, 2025

Pioneering Web3 Innovation With Rewards And Global Events

June 20, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Spot trading vs. margin transaction of encryption

June 22, 2025

British trail EU, US encryption regulation, think tank warning

June 22, 2025

XRP Falls 7% Due To Lawsuit, CryptoMiningFirm Helps You Make $81,350 A Day And Avoid The Turbulence Of The Cryptocurrency Market

June 21, 2025
Most Popular

Trader issues warning to Solana rival, up 247% in one month, updates outlook for LDO, other altcoins

January 18, 2024

Franklin Templeton expects spot Bitcoin ETFs to gain traction as financial advisors become more familiar with the product.

January 24, 2024

VanEck predicts Bitcoin $180,000 by Q1 2025 in a double peak bull market.

December 14, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.