{"id":516382,"date":"2023-01-17T08:10:08","date_gmt":"2023-01-17T13:10:08","guid":{"rendered":"https:\/\/wncen.com\/?p=516382"},"modified":"2023-03-08T07:26:16","modified_gmt":"2023-03-08T07:26:16","slug":"defi-tvl-exceeds-45-billion","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/defi\/defi-tvl-exceeds-45-billion\/","title":{"rendered":"DeFi Begins Recovery As TVL Exceeds $45 Billion"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Decentralized Finance (DeFi) has always been the most evolving sector in the Web3 space. With new innovations and protocols popping up in the<a href=\"https:\/\/wncen.com\/news\/company\/the-power-of-tracking-defi-portfolio-across-various-networks-through-kucoin-wallet\/\"> DeFi<\/a> industry, the ecosystem total value locked (TVL) continued to increase until the bear market stepped in.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The bear cycle caused a lot of downturns in many sectors of the We3 industry including DeFi. However, following the ongoing so-called \u2018mini bull run,\u2019 we\u2019ve seen DeFi TVL start to recover from the lower lows and surge by nearly 20% since the beginning of the year.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">DeFi TVL Surges Nearly 20%<\/span><\/h2>\n<p><span style=\"font-weight: 400\">According to data from<a href=\"http:\/\/defillama.com\" target=\"_blank\" rel=\"noopener nofollow\"> DeFiLlama<\/a>, DeFi TVL has exceeded $45 billion \u2014 its highest point in the past two months. Major DeFi protocols such as Lido Finance and MakerDAO played a <\/span><a href=\"https:\/\/twitter.com\/henriquecentiei\/status\/49365760?s=46&amp;t=qz5WB3fDR8IHLQnXOBUIsQ\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">significant role<\/span><\/a><span style=\"font-weight: 400\"> in the DeFi TVL rise. <a href=\"https:\/\/wncen.com\/news\/lido-up-by-more-than-55\/\">Lido<\/a> has amassed double-digit gains over the past week, adding $8.4 billion to the DeFi ecosystem since its lower low late last year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Though the TVL rise appears to be mirroring the crypto rally as most of the underlying DeFi tokens have also followed suit in the bullish trend, one thing worth noting is that DeFi TVL is still very far from its all-time high seen in 2021.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, Liquid staking protocol like Lido Finance is the accelerator of the DeFi ecosystem surge, having the largest DeFi market share with 14.75% dominance and leaving the former king of DeFi, MakerDAO, behind with a share of 13.25%, according to DeFiLlama.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As <a href=\"https:\/\/wncen.com\/altcoin\/are-whales-actively-accumulating-lido\/\">reported by NewsBTC<\/a>, the reason behind the rapid increase in the momentum of Lido is the Ethereum Merge, which triggered the popularity of liquid staking protocols such as Lido Finance. Following the merge, the total ETH stake in Lido increased 10% from 4.43 million ETH on September 15, 2022, the date of the merge, to over 4.8 million ETH today.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/lido-dao-ldo-token-outperforms\/\">Lido DAO (LDO) Token Outperforms Market With 62% Weekly Gains<\/a><\/div>\n<h2><span style=\"font-weight: 400\">Other Accelerator Of The DeFi TVL Rise<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Aside from Lido&#8217;s aid in the DeFi TVL surge, the high-throughput layer-1 blockchain network, Algorand, has also been an assistant following its 123% <\/span><a href=\"https:\/\/twitter.com\/defillama\/status\/06240006?s=46&amp;t=7kqV6hshLf5T8HrOxt-eAQ\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">spike<\/span><\/a><span style=\"font-weight: 400\"> over the past week. It currently has $176 million in TVL, with five of the top six leading DeFi protocols on the network having done significant percentages in gains over the past 7 days. <\/span><\/p>\n<p><span style=\"font-weight: 400\">AlgoFi is up 121% in the last 7 days. Folks Finance is up 490%, Pact 136%, and GARD 202%, driving massive momentum into the ecosystem.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/uniswap-tops-other-big-crypto\/\">Uniswap Tops Other Big Crypto In Social Dominance Despite Price Drop<\/a><\/div>\n<p><span style=\"font-weight: 400\">Aave and <a href=\"https:\/\/wncen.com\/news\/uniswap\/uniswap-saved-vulnerability-security-firm\/\">Uniswap<\/a> have always contributed greatly to the DeFi ecosystem TVL, with Aave recording over 10% in gains in the last 7 days and Uniswap recording nearly 7% in gains over the same period. Regarding blockchain, Ethereum is still the top dog with the largest share in the DeFi TVL.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-gearing-for-lift-off-to-1800-rally-isnt-over-yet\/\">Ethereum<\/a> has a DeFi market share of over 50%, with a TVL of $27.16 billion. ETH has amassed significant gains in its value in the past few days amid the global market rally.\u00a0<\/span><\/p>\n<figure style=\"width: 1543px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium\" src=\"https:\/\/www.tradingview.com\/x\/7GboYGAi\/\" alt=\"ETHUSDT price chart on TradingView\" width=\"1543\" height=\"800\"><figcaption class=\"wp-caption-text\">ETH price is moving sideways on the 4-hour chart. Source: ETHUSDT on <a href=\"https:\/\/www.tradingview.com\/chart\/1ig5lzU2\/?symbol=FX%3AGBPUSD\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">ETH finally broke the $1,300 zone and has climbed to a higher high above $1,500. Though ETH is still far from its peak, the second-largest crypto by market cap is striving to reach its ATH and beyond.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from Freepiks, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Decentralized Finance (DeFi) has always been the most evolving sector in the Web3 space. With new innovations and protocols popping up in the DeFi industry, the ecosystem total value locked (TVL) continued to increase until the bear market stepped in.\u00a0 The bear cycle caused a lot of downturns in many sectors of the We3 industry including DeFi. However, following the ongoing so-called \u2018mini bull run,\u2019 we\u2019ve seen DeFi TVL start to recover from the lower lows and surge by nearly 20% since the beginning of the year.\u00a0 DeFi TVL Surges Nearly 20% According to data from DeFiLlama, DeFi TVL has exceeded $45 billion \u2014 its highest point in the past two months. Major DeFi protocols such as Lido Finance and MakerDAO played a significant role in the DeFi TVL rise. Lido has amassed double-digit gains over the past week, adding $8.4 billion to the DeFi ecosystem since its lower low late last year.\u00a0 Though the TVL rise appears to be mirroring the crypto rally as most of the underlying DeFi tokens have also followed suit in the bullish trend, one thing worth noting is that DeFi TVL is still very far from its all-time high seen in 2021.\u00a0 Notably, Liquid staking protocol like Lido Finance is the accelerator of the DeFi ecosystem surge, having the largest DeFi market share with 14.75% dominance and leaving the former king of DeFi, MakerDAO, behind with a share of 13.25%, according to DeFiLlama. As reported by NewsBTC, the reason behind the rapid increase in the momentum of Lido is the Ethereum Merge, which triggered the popularity of liquid staking protocols such as Lido Finance. Following the merge, the total ETH stake in Lido increased 10% from 4.43 million ETH on September 15, 2022, the date of the merge, to over 4.8 million ETH today. Related Reading: Lido DAO (LDO) Token Outperforms Market With 62% Weekly Gains Other Accelerator Of The DeFi TVL Rise Aside from Lido&#8217;s aid in the DeFi TVL surge, the high-throughput layer-1 blockchain network, Algorand, has also been an assistant following its 123% spike over the past week. It currently has $176 million in TVL, with five of the top six leading DeFi protocols on the network having done significant percentages in gains over the past 7 days. AlgoFi is up 121% in the last 7 days. Folks Finance is up 490%, Pact 136%, and GARD 202%, driving massive momentum into the ecosystem.\u00a0 Related Reading: Uniswap Tops Other Big Crypto In Social Dominance Despite Price Drop Aave and Uniswap have always contributed greatly to the DeFi ecosystem TVL, with Aave recording over 10% in gains in the last 7 days and Uniswap recording nearly 7% in gains over the same period. Regarding blockchain, Ethereum is still the top dog with the largest share in the DeFi TVL. Ethereum has a DeFi market share of over 50%, with a TVL of $27.16 billion. ETH has amassed significant gains in its value in the past few days amid the global market rally.\u00a0 ETH finally broke the $1,300 zone and has climbed to a higher high above $1,500. Though ETH is still far from its peak, the second-largest crypto by market cap is striving to reach its ATH and beyond. Featured image from Freepiks, chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":516386,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83405],"tags":[71760,54512,1946,86029,12532],"class_list":["post-516382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-defi","tag-algo","tag-defi","tag-ethereum","tag-lido","tag-makerdao"],"acf":[],"yoast_head":"\n<title>DeFi Begins Recovery As TVL Exceeds $45 Billion<\/title>\n<meta name=\"description\" content=\"Decentralized Finance (DeFi) has always been the most evolving sector in the Web3 space. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. 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His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/wncen.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"DeFi Begins Recovery As TVL Exceeds $45 Billion","description":"Decentralized Finance (DeFi) has always been the most evolving sector in the Web3 space. 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A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. 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