Between June 19 and July 19, inside a 30-day interval, the entire worth locked (TVL) in decentralized finance (defi) dropped under the $100 billion mark, hitting a low of $86.3 billion on July 7, 2024. Over the previous three days, nevertheless, the TVL has managed to remain above the $100 billion threshold.
Lido Leads Defi TVL as Sector Climbs 16.85% Since Early July
The worth locked in decentralized finance (defi) protocols has expanded just lately, reaching $100.85 billion as of July 22. This marks a 16.85% rise since July 7, although it has but to surpass the $109.66 billion recorded on June 5. Based on defillama.com metrics, the liquid staking protocol Lido leads all defi protocols with $33.78 billion in TVL.
Eigenlayer, a restaking protocol, follows with $15.87 billion, whereas Aave rounds out the highest three with $13.36 billion. On Monday, the highest 100 defi tokens have been valued at $89.5 billion, reflecting a 1.4% lower over the previous 24 hours.
Coingecko experiences that Lido’s staked ether (STETH) instructions a 37.8% defi dominance on Monday. Under STETH is chainlink (LINK), with a market valuation of roughly $8.6 billion. Nearly all of the highest 100 defi tokens have proven positive aspects over the previous week.
Because the TVL in defi holds above $100 billion, the query stays whether or not this upward trajectory will persist. The business has seen notable volatility this previous month, and whereas the latest surge is promising, the potential for an additional dip under the $100 billion mark looms. Observers will likely be carefully watching if the present momentum can maintain and develop additional.
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