[ccpw id="13305"]

Defi TVL reaches 20-month highs with Ethereum dominating the scene

[ad_1]

The decentralized finance (defi) total value locked (TVL) has been constantly rising since the start of the month and is getting close to the $70 billion mark. 

According to data provided by Defi Llama, the global defi TVL recorded a 22% surge over the past two weeks and is currently standing at $68.99 billion. On Feb. 13, the TVL reached a 20-month high of $69.35 billion — a level last seen in mid-June 2022.

Defi TVL reaches 20-month highs with Ethereum dominating the scene - 1
Defi TVL – Feb. 14 | Source: Defi Llama

Per the data aggregator, there are currently 40 defi protocols with a TVL of over $500 million with Lido Finance leading the list with a TVL of $25.71 billion. 

The rising defi star of 2024 is EigenLayer with a six-times TVL increase over the past six weeks. Per Defi Llama, EigenLayer’s TVL surged from $1.1 billion on Jan. 1 to $6.5 billion at the time of writing. 

Ethereum (ETH) is still dominating the scene with a TVL of $40.95 billion, according to Defi Llama, followed by Tron with a TVL of $8.79 billion.

On Jan. 31, Solana (SOL) flipped Ethereum in terms of decentralized exchange (DEX) volume — reaching $1.46 billion. 

However, Defi Llama data shows that Ethereum gained the top spot on Feb. 2 again after Solana’s DEX volume plunged below $900 million. 

Ethereum’s DEX volume currently stands at $1.41 billion, per the data provider, followed by Solana’s $780 million DEX volume. 


Follow Us on Google News

[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *