CDS Crypto News DeFi TVL Surges to $90.23B as Leading Protocols Gain Momentum Amid Bitcoin Rally
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DeFi TVL Surges to $90.23B as Leading Protocols Gain Momentum Amid Bitcoin Rally

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DeFi TVL Surges to $90.23B as Leading Protocols Gain Momentum Amid Bitcoin Rally

DeFi TVL Surges to $90.23B as Leading Protocols Gain Momentum Amid Bitcoin Rally

According to DeFi Llama data, the total value locked (TVL) in the decentralized finance (DeFi) sector has climbed to $90.23 billion, with a trading volume of $7.13 billion. This growth follows gains across the top five DeFi protocols.

Lido, the leading liquid staking protocol, saw its TVL increase by 0.4% over the past 24 hours, reaching $25.8 billion. Over the past month, Lido generated $6.74 million in revenue, with $67.4 million in fees.

Meanwhile, AAVE, the leading lending protocol, experienced a 1.9% TVL increase, surpassing $14 billion. Other notable DeFi platforms such as EigenLayer, ether.fi, and Maker recorded modest growth, with TVLs reaching $11.2 billion, $6.5 billion, and $6.1 billion, respectively.

DeFi Tokens Gain Momentum

With the growth in DeFi TVL, tokens within the sector also saw upward momentum. CoinGecko data indicates that the total market capitalization of DeFi-related crypto assets rose by 0.4% over the past 24 hours, hitting $78 billion and accounting for 3.1% of the global crypto market cap. Daily trading volume currently stands at $4.8 billion, with Lido Staked Ether leading the category with a $25.7 billion market cap.

This surge in DeFi TVL and market cap comes as the broader cryptocurrency market strengthens alongside Bitcoin’s bullish momentum. Bitcoin recently surpassed $72,000, triggering widespread fear of missing out (FOMO) and pushing the global crypto market cap above $2.5 trillion for the first time since late July.

DeFi TVL Surges to $90.23B as Leading Protocols Gain Momentum Amid Bitcoin Rally

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