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Home»TRADING NEWS»The value locked in Defi is close to $50 billion, surging 34.40% in 46 days, led by Top Protocols.
TRADING NEWS

The value locked in Defi is close to $50 billion, surging 34.40% in 46 days, led by Top Protocols.

By Crypto FlexsDecember 3, 20232 Mins Read
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The value locked in Defi is close to  billion, surging 34.40% in 46 days, led by Top Protocols.
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The total value locked (TVL) in decentralized finance (defi) is currently at $48.91 billion and on the verge of exceeding the $50 billion threshold. This figure represents a significant rebound from the low of $36.39 billion on October 18, 46 days ago. During this period, DeFi’s TVL experienced a strong growth of 34.40%.

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Defi TVL expected to break the $50 billion barrier

The top 10 DeFi protocols have shown impressive performance recently, with two major liquid staking applications driving this growth. Lido, a leading DeFi protocol, saw a notable surge of 20.17% in the 30-day indicator, while Makerdao experienced an increase of 5.46% in the same period.

The value locked in Defi is close to $50 billion, surging 34.40% in 46 days, led by Top Protocols.

Tron’s Justlend protocol rose 6.93% and Aave’s TVL rose 8.61%. Not far behind, Uniswap, which ranked fifth in terms of TVL volume, grew 15.16% this month, followed closely by Summer Finance with an impressive 18.62% jump. The only exception in the top 10 was STUSDT, which was down slightly by 0.33% over the month.

In the DeFi environment, Spark and Blast also saw significant double-digit growth. However, Juststables has seen a 29.95% decline in TVL values ​​over the past 30 days, while Tron’s SUN protocol has also recorded a 23.77% decline in the same period. As of Sunday, Ethereum dominates the DeFi space, holding 56.52% of the total value, followed by Tron at 15.74% and BSC at 6.13%. Ethereum’s TVL increased by 26.48%, while Tron fell by 3.29% during the month.

Other chains that follow BSC in the top 10 TVL rankings include Arbitrum, Polygon, Optimism, Solana, Avalanche, Cronos, and Base. Bitcoin ranks 11th in the ranking of largest TVL by blockchain. In particular, Solana (SOL) showed the largest increase in TVL per chain, up an impressive 69.33% this month.

What do you think about the latest DeFi market activity? Share your thoughts and opinions on this topic in the comments section below.

Source: Bitcoin.com

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