DeFi TVL Hits 94.974B with $11.89B Increase

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As a researcher with a background in decentralized finance, I’ve been closely monitoring the recent developments in the DeFi space. The past few weeks have been particularly exciting, with a significant surge in TVL, which now stands at an impressive $94.974 billion as of May 18, according to defillama.com.

As a researcher studying the decentralized finance (DeFi) landscape, I’ve observed an impressive growth trend in recent weeks. The total value locked (TVL) within DeFi protocols has seen a significant surge, reaching a new high of $53.79 billion.

On May 18, 2023, according to defillama.com’s report, the total value locked (TVL) in DeFi has reached an impressive figure of $94.974 billion, marking a significant increase from previous levels. Unfortunately, one particular DeFi protocol named Perfectswap did not meet expectations. Instead, it experienced a complete reversal, resulting in a 100% decrease in TVL.

DeFi TVL Hits 94.974B with $11.89B Increase

Lido Finance, a Decentralized Finance (DeFi) protocol with approximately $29.21 billion in total value locked (TVL), experienced a growth of 1.49%. Meanwhile, Eigenlayer reported a TVL of $15.40 billion for today. Besides these two leading DeFi protocols, other platforms also witnessed gains. MakerDAO’s TVL surged by 7.95%, Justlend grew by 4.95%, and Aave saw an increase of 9.22%.

Smaller protocols such as Zircuit, Etherfi, and Jito reported impressive gains with staking rewards of 74.64%, 28.92%, and 31.86% respectively. This uptick in Total Value Locked (TVL) across these platforms is a promising sign, indicating renewed confidence within the Decentralized Finance (DeFi) sector and potentially signaling market recovery.

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2024-05-19 01:24