Defi TVL Reaches 20-Month Highs With ETH Dominating The Scene
Decentralized finance (defi) total value locked (TVL) has seen a 22% surge over the past two weeks, reaching $68.99 billion.
On February 13, the TVL reached a 20-month high of $69.35 billion, last seen in mid-June 2022. Lido Finance leads the list with a TVL of $25.71 billion.
EigenLayer, the rising defi star of 2024, has seen a six-times TVL increase over the past six weeks, rising from $1.1 billion to $6.5 billion.
Ethereum remains the top defi protocol with a TVL of $40.95 billion, followed by Tron with $8.79 billion. Solana (SOL) flipped Ethereum in terms of decentralized exchange (DEX) volume, reaching $1.46 billion on January 31.
However, Ethereum gained the top spot on February 2 after Solana’s DEX volume dropped below $900 million.
Ethereum’s DEX volume currently stands at $1.41 billion, followed by Solana’s $780 million DEX volume.
(With inputs from Shikha Singh)
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