DeFi Market Rebounds After Hitting 30-Month Low, Driven by Rising Asset Prices and Capital Inflows
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DeFi market value rose to $42B, highest in 3 months, after hitting 30-month low 2 weeks ago.
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Increase driven by rising asset prices like ETH and fresh capital inflows into yield generating protocols.
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Transaction volume across DeFi hit highest since March at $4.4B on Oct 24.
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New native staking products from Marinade and Jito drove growth in their TVLs.
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Risks remain as ETH price drop could trigger over $100M in liquidations across protocols like Aave.