Recent data reveals that the total value locked (TVL) in decentralized finance has jumped past the $ 80 billion milestone, reaching heights not observed since the downfall of Terra’s stablecoin in May 2022. Leading the charge in 2024 by TVL size is Lido’s liquid staking platform, with ether-based liquid staking derivatives (LSDs) securing a …
Value Locked in Defi Surpasses $57 Billion, Securing Over $20 Billion in 3 Months
Data from defillama.com reveals that over the past 93 days, the total value locked (TVL) in decentralized finance (defi) protocols escalated from $ 37.46 billion on Oct. 20, 2023, to the present $ 57.74 billion. Notably, 57.3% of the total value in defi is anchored in the Ethereum blockchain, while Lido’s liquid staking …
L2 Protocol Blast Soars Past $1 Billion in Locked Crypto Value
Statistics reveal that the Ethereum layer two (L2) platform Blast now secures over $ 1 billion within its protocol. The total value locked (TVL) in Blast has expanded more than twelvefold since its launch in late November. Blast’s TVL Hits $ 1 Billion Initially, on Nov. 22, 2023, Blast’s value locked was recorded …
Defi Rebounds: Total Value Locked and Token Prices Surge as 2023 Marks a Year of Recovery and Growth
On April 3, 2022, decentralized finance (defi) protocols held approximately $ 163 billion total value locked (TVL). By the start of January 2023, this amount declined to $ 38.30 billion. Concurrently, in April 2022, the leading defi tokens by market capitalization were collectively worth $ 135 billion, but by Jan. 1, 2023, …