DeFi TVL Increased by $47 Billion and Reached $134.7 Billion
Crypto and decentralized finance (DeFi) sectors have recorded remarkable growth in the last month.
According to data provided by Defi Llama, DeFi total value locked (TVL) has increased by approximately $47 billion in the last 30 days, reaching $134.7 billion. This level was recorded as a 31-month peak and was last seen in May 2022.
This increase demonstrates the growth rate of the DeFi ecosystem and the recovery of the broader crypto market. At the same time, DeFi daily transaction volume has reached $16 billion and liquidity in the sector has gained strength once again.
Lido, the leader of liquid staking protocols in the DeFi space, has seen a 50% increase in the last 30 days, allowing its TVL to exceed $36 billion. Lido’s increasing TVL highlights the growth potential of liquid staking protocols and users’ willingness to generate passive income through these protocols.
At the same time, AAVE, one of the largest lending protocols, has strengthened its influence in the industry by reaching $20.6 billion in TVL, an increase of 54% in the last month. These developments show that DeFi platforms have recently become attractive to investors and their reliability has increased.
EigenLayer, an Ethereum-based restaking protocol, has increased by 64% in the last month, increasing its TVL to $17.1 billion. Ethereum-based protocols make a significant contribution to the growth process in the DeFi field and attract more users with the security and liquidity advantages provided by the Ethereum network.
Ethereum’s DeFi TVL increased to $72.9 billion. While Ethereum remains the blockchain platform with the highest TVL in decentralized finance, TRON follows with a TVL of $13.6 billion.
This data shows that while Ethereum reinforces its dominance in the DeFi ecosystem, other blockchain networks such as TRON continue to increase their share in the DeFi space.
However, a significant impact on the future of the DeFi industry may come from political developments in the USA. Matrixport analysts stated that if Donald Trump wins the presidential elections, a crypto-friendly approach could have a positive impact on the DeFi sector.
It is anticipated that after Trump’s oath ceremony on January 20, 2025, positive steps may be taken towards the DeFi sector.
The value of Bitcoin and altcoins registered a strong bullish momentum after the US elections in November. According to CoinGecko data, the global crypto market value has increased by $1.33 trillion in the last 30 days, reaching an all-time high of $3.73 trillion.
Bitcoin currently has a 51.3% dominance in the crypto market. In this period when crypto market value and Bitcoin’s dominance is increasing, investors seem to have further increased their interest in crypto assets.
Daily crypto trading volume has risen to $418 billion, indicating that the crypto market continues to grow.
DeFi and crypto markets are likely to continue to offer greater opportunities for users with more innovation and development in the future. This process indicates that the growth in the crypto and DeFi field will continue unabated.