The full worth of decentralized finance (defi) has been steadily rising for the reason that starting of the month and is approaching the $70 billion mark.
In line with information from Defi Llama, the worldwide defi TVL has registered a 22% enhance prior to now two weeks and at the moment stands at $68.99 billion. On February 13, TVL hit a 20-month excessive of $69.35 billion – a degree final seen in mid-June 2022.
Defi TVL – February 14 | Supply: Defi Llama
In line with the info aggregator, there are at the moment 40 defi protocols with a TVL of over $500 million, with Lido Finance topping the listing with a TVL of $25.71 billion.
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The rising defi star of 2024 is EigenLayer, with a sixfold TVL enhance prior to now six weeks. In line with Defi Llama, EigenLayer’s TVL elevated from $1.1 billion on January 1 to $6.5 billion on the time of writing.
Ethereum (ETH) nonetheless dominates the scene with a TVL of $40.95 billion, in accordance with Defi Llama, adopted by Tron with a TVL of $8.79 billion.
On January 31, Solana (SOL) toppled Ethereum when it comes to decentralized trade (DEX) quantity – as much as $1.46 billion.
Nonetheless, information from Defi Llama exhibits that Ethereum reclaimed the highest spot on February 2, after Solana’s DEX quantity fell under $900 million.
Ethereum’s DEX quantity at the moment stands at $1.41 billion, per information supplier, adopted by Solana’s DEX quantity of $780 million.
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