Posted 12/5/2023, 10:46:00 AM
DeFi Sees $15B Growth in 6 Weeks, Hits $50B Total Value Locked on Bullish Market and New Platforms
- DeFi's total value locked (TVL) has increased by over $15B in the past 6 weeks to $50B, due to rising asset prices and fresh inflows
- Ethereum's shift to proof-of-stake has spurred growth in liquid staking protocols like Lido and RocketPool
- Solana-based DeFi protocols like marginfi, Jito, and Marinade have seen 60-120% TVL increases in the past 30 days
- DeFi transaction volume topped $5.4B on a single day last month, the highest since March
- New layer 2 platform Blast received over $700M in deposits from traders seeking yield, despite assets being locked until March