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Trending News:Arbitrum Exploit: How $140,000 Disappeared in Crypto HackUkraine Accepts U.S. 30-Day Truce Proposal: Potential Bitcoin Surge AheadBitcoin’s Rollercoaster: Dipping 30% from its PeakBitcoin Drops Amid Trump’s Economic MovesFormula 1 Season Starts with Crypto Sponsors Racing for the SpotlightPresident Trump Establishes Strategic Bitcoin ReserveTrump’s World Liberty Financial’s Crypto Splash: A $21.5M DiveSenate Says No to Biden’s IRS DeFi RuleEthereum Dips Below $2,100: A 15-Month LowBitcoin: A Risky Ride in the World of CryptoBitcoin Takes a Tumble: The Rollercoaster Ride Below $80KWhales Make Waves: Ethereum’s $94M ETF Outflow BluesBitcoin’s Big Slip: How the Crypto Giant Dropped Below $90KBybit Heist: $250M in Ethereum VanishesSEC Steps Back: OpenSea’s Big WinSingaporean Woman Sentenced for $4.2M Crypto FraudIndian Authorities Seize $190M in Crypto from BitConnectCoinbase’s Rise: Analysts See Potential Surge to $350FBI’s Operation Level Up Foils $285M Crypto ScamBrian Quintenz’s Comeback to CFTC: Impact on Crypto RegulationWhy North Carolina’s Bitcoin Bill is a Game-ChangerBerachain’s Rocky Road: A Bumpy Ride Despite Crypto ExposurePolymarket Users Place Big Bets on Trump’s NominationsPresale Crypto Coin Surges – Can It Beat Cardano & Ripple?Horowitz’s Move: Leaving London for U.S. Crypto GrowthEthereum and the $2.3 Billion Web3 Disaster in 2024Crypto Staking Gets Green Light from UK TreasuryWill Cardano or Lightchain AI Hit the Big Time First?Goldbet888UFUNPotential Challenges to Bitcoin’s Bull Run in 2025Bo Hines Leads Trump’s Crypto VisionTop 5 Cryptos to Boost Your Portfolio by 2025DuckChain Raises $5M Through New PartnershipsCoinbase Fights Back Against BiT Global wBTC Delisting ClaimsTrump’s $55M Ethereum Move and Its Impact on SOL and LNEXChillGuy Meme Coin Drops After IP DisputeFloki’s Price Set to Rise with MONKY AirdropEthereum Faces Challenges as ETF Inflows GrowPutin’s Support Boosts Bitcoin’s Unstoppable GrowthCoinbase Launches Dogwifhat Trading in New YorkCYBRO’s Amazing Rise: From $0.045 to $20Crypto Trader’s Bold XRP Prediction: Staying Above $1Indonesia’s Crypto Boom: 350% Surge Explained6 Promising Cryptos for 2025: Beyond BitcoinBitcoin’s Active Addresses Near 1 Million3 Crypto Tokens Changing the MarketInvestors Rethink Crypto After Sui StrugglesSuiHub’s $200K Boost: Big Help for StartupsCZ Warns of Mac and iPhone Exploits UncoveredBONK Price Soars After Upbit ListingTON & SUI Soar: Whales Watch LunexSHIB, DOGE, and PEPE Meet Their Match Enter DOGENRestoring Trust in US Elections with BlockchainTurn Missed DOGE and SHIB into Opportunities Top 5 Tokens to WatchCrypto Heist Mastermind Gets 5-Year SentenceBitcoin’s Open Interest Hits Record High: What’s Next?Exciting Crypto Updates: XRP, TON, & Yeti Ouro’s MovesXYZVerse Presale Hits $500K: XRP & Solana’s RiseAlameda’s Big Move: Lawsuit Shakes Crypto WorldWeb3 Loyalty Programs: Challenges and OpportunitiesRollblock’s Rising Star Surpasses Dogecoin and Shiba InuFrench Bettor’s $79M Bet Sparks ControversyTrump’s Promises Shaping Bitcoin’s $250k FutureBitcoin’s Surge to $80K During US Election BuzzMeme Coins Surge Ahead of US Election | Crypto NewsKraken Secures $42.5M; Glow Labs Raises $30MUBS Introduces First Tokenized Investment Fund on EthereumDeFi TVL Surpasses $90B for the First Time in 3 MonthsCoinDCX Launches Decentralized Custody After WazirX HackWhat Happens to Meme Coins if Trump Wins 2024?Bitcoin Whales Nervous Before US ElectionStripe Acquires Bridge for $1.1B Bluesky Raises $15MPutin’s Plan to ‘Destroy the US Dollar’ and Digital Assets’ RoleRipple Bold Move: Why They Are Supporting Kamala HarrisRecord $79.1M Outflows from Bitcoin ETFsWill Congress Control Crypto and Election Bets?Is Bitcoin Heating Up for a $100K Surge?What Will It Take to Accomplish Real Blockchain Interoperability?How Will Crypto Impact the Senate? Warren vs. DeatonBinance Labs Invests in Bitcoin Liquid Staking Project LombardBitcoin Crosses $67K to Hit 2-Month HighBitcoin ‘Uptober’ in Play Ahead of US ElectionCan Regulation Fix Trust Issues in Crypto?Organizations Accept Cryptocurrency Donations to Help Those Impacted By Hurricanes Helene and MiltonBitcoin Gets a Boost as Mt. Gox Postpones RepaymentsWall Street Is on a Bull Run—It’s Nothing Compared to BitcoinTradFi vs. DeFi: Two Worlds Converging—Insights from Zignaly Co-FounderAxelar Launches Mobius for Cross-Chain InteroperabilityTether’s Role in Inflation: Key Documentary InsightsBitcoin ETF Outflows Surpass $300M, Analysts Warn of Key Price LevelsBitcoin Hits $62K as FTX, Beam, and Shiba Inu SurgeBinance CZ Released, Bitcoin 70k October PredictionDigital Asset Inflows Surge for the Third Week, Totalling $1.2 BillionShould You Buy iShares Bitcoin Trust ETF While It’s Under $40?12 Most Popular Types of Cryptocurrency in 2024The Next Evolution in Bitcoin’s Marketing StrategyBinance CEO Richard Teng discusses CZ’s upcoming release21.co integrates Chainlink’s proof reserve on Solana and EthereumBitcoin jumps while Japan holiday dulls most currencies
DeFi TVL Surpasses $90B for the First Time in 3 Months
In an exciting development for the decentralized finance (DeFi) sector, the total value locked (TVL) in DeFi has exceeded $90 billion for the first time in three months. This milestone marks a significant recovery in the market, which has seen ups and downs in recent months.
What is TVL?
In the DeFi space, Total Value Locked (TVL) is a crucial metric. The metric denotes the total amount of money currently invested in various DeFi projects. This includes assets staked in lending protocols, liquidity pools, and other decentralized applications. A higher TVL often indicates more trust and interest in the DeFi ecosystem.
Reasons for the Increase
Several factors have contributed to this increase in TVL.
Market Recovery: After a challenging few months, the cryptocurrency market is slowly recovering. Prices of major cryptocurrencies, like Bitcoin and Ethereum, have risen, attracting more investors back into DeFi.
Innovative DeFi projects have recently launched, providing unique features and incentives. These new platforms have drawn attention and investment, boosting the overall TVL.
Increased Adoption: More users are exploring DeFi as they look for better returns compared to traditional finance. The increasing interest in DeFi has resulted in the locking of more funds in various DeFi protocols.
Current Leaders in DeFi
As of now, some of the leading platforms in terms of TVL include:
MakerDAO: A well-known decentralized lending platform that allows users to borrow against their cryptocurrency assets.
Aave: A popular lending protocol that offers users the ability to earn interest on their deposits or borrow assets.
Curve Finance is a stablecoin trading platform renowned for its low slippage and high efficiency.
These platforms continue to attract significant investment, contributing to the overall growth of DeFi.
Conclusion
The rise of DeFi TVL past the $90 billion mark is a positive sign for the cryptocurrency market. It shows that interest in decentralized finance is returning, and many believe that the sector has the potential for further growth. As more people learn about DeFi and its benefits, the total value locked in these projects could continue to rise.