The decentralized finance (defi) complete worth locked (TVL) has been continually rising because the begin of the month and is getting near the $70 billion mark.
Based on knowledge supplied by Defi Llama, the worldwide defi TVL recorded a 22% surge over the previous two weeks and is at present standing at $68.99 billion. On Feb. 13, the TVL reached a 20-month excessive of $69.35 billion — a degree final seen in mid-June 2022.
Defi TVL – Feb. 14 | Supply: Defi Llama
Per the info aggregator, there are at present 40 defi protocols with a TVL of over $500 million with Lido Finance main the listing with a TVL of $25.71 billion.
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The rising defi star of 2024 is EigenLayer with a six-times TVL improve over the previous six weeks. Per Defi Llama, EigenLayer’s TVL surged from $1.1 billion on Jan. 1 to $6.5 billion on the time of writing.
Ethereum (ETH) remains to be dominating the scene with a TVL of $40.95 billion, based on Defi Llama, adopted by Tron with a TVL of $8.79 billion.
On Jan. 31, Solana (SOL) flipped Ethereum when it comes to decentralized trade (DEX) quantity — reaching $1.46 billion.
Nonetheless, Defi Llama knowledge reveals that Ethereum gained the highest spot on Feb. 2 once more after Solana’s DEX quantity plunged beneath $900 million.
Ethereum’s DEX quantity at present stands at $1.41 billion, per the info supplier, adopted by Solana’s $780 million DEX quantity.
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