🌎 DeFi Sector Sees Massive $47 Billion Growth

DeFi Sector Sees Significant Growth Over the Past Month

The decentralized finance (DeFi) sector has experienced substantial growth over the past month. According to recent data, the DeFi total value locked (TVL) has increased by approximately $47 billion, reaching a 31-month high of $134.7 billion.

DeFi Total Value Locked (TVL) Surges

This growth in DeFi TVL marks a significant milestone, with the last time this level was seen being in May 2022. Additionally, the daily DeFi trading volume has reached $16 billion, further indicating the sector’s growing momentum.

Lido and AAVE Register Significant TVL Increases

The leading DeFi and liquid staking protocol, Lido, has seen its TVL surpass the $36 billion mark after a 50% surge in 30 days. AAVE, the top lending protocol, has reached a $20.6 billion TVL, thanks to a 54% rally over the last month.

EigenLayer and Ethereum’s DeFi TVL Growth

EigenLayer, the leading Ethereum-based restaking protocol, has registered a 64% increase in its TVL in the same timeframe, reaching $17.1 billion. Ethereum’s DeFi TVL has surged to $72.9 billion, followed by TRON’s $13.6 billion.

Expert Insights on the DeFi Sector’s Growth

Matrixport analysts have stated that President-elect Donald Trump’s pro-crypto stance could potentially fuel the DeFi space in the U.S. This development is expected to unfold further after Trump’s inauguration on January 20, 2025.

Cryptocurrency Market Cap and Daily Trading Volume

In addition to the DeFi sector’s growth, the global cryptocurrency market cap has increased by $1.33 trillion in the last 30 days, currently sitting at an all-time high of $3.73 trillion. The daily crypto trading volume is hovering at $418 billion, with Bitcoin currently holding a 51.3% dominance over the broader crypto market.

Key Takeaways:

DeFi TVL has increased by approximately $47 billion, reaching a 31-month high of $134.7 billion.
Lido and AAVE have registered significant TVL increases, with 50% and 54% surges, respectively.
EigenLayer has seen a 64% increase in its TVL, reaching $17.1 billion.
The global cryptocurrency market cap has increased by $1.33 trillion, currently sitting at an all-time high of $3.73 trillion.