For the first time since August, the total value of decentralized finance that has been locked has surpassed $90 billion
Currently, the total DeFi TVL is $90.23 billion, with a trading volume of $7.13 billion, as per data provided by DeFi Llama.
The surge occurs as the top five protocols experience growth. In the past 24 hours, Lido, the premier liquid staking platform, experienced a 0.4% increase in its TVL, which now stands at $25.8 billion. In the past month, it has generated $6.74 million in revenue, with $67.4 million in fees.
The top lending protocol, AAVE, experienced a 1.9% increase in TVL and surpassed the $14 billion threshold.
EigenLayer, ether.fi, and Maker also experienced modest increases, with their TVLs reaching $11.2 billion, $6.5 billion, and $6.1 billion, respectively.
DeFi tokens are experiencing an increase in popularity. As the DeFi TVL gathered momentum, the tokens in this sector also experienced an increase in value.
The total market capitalization of DeFi-related crypto assets increased by 0.4% in the past 24 hours, reaching $78 billion, as per data from CoinGecko. This indicates a 3.1% dominance over the global crypto market cap.
At present, its daily trading volume is $4.8 billion.
Lido Staked Ether is the market leader in the category, with a market capitalization of $25.7 billion.
The DeFi TVL and market cap are on the rise as the broader cryptocurrency market capitalizes on Bitcoin’s favorable momentum. The market-wide dread of missing out, also known as FOMO, was sparked by BTC surpassing the $72,000 threshold.
For the first time since late July, the global crypto market capitalization surpassed $2.5 trillion as a result.
