Bitcoin
Bitcoin (BTC)
$68,207.00 -2.87387
Bitcoin price
Ethereum
Ethereum (ETH)
$3,338.22 -4.92725
Ethereum price
BNB
BNB (BNB)
$604.30 0.22029
BNB price
Solana
Solana (SOL)
$163.62 -6.53954
Solana price
XRP
XRP (XRP)
$0.5790990 -5.25414
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000257 -6.51333
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000062 -16.67337
Pepe price
Bonk
Bonk (BONK)
$0.0000189 -13.50499
Bonk price
Bitcoin
Bitcoin (BTC)
$68,207.00 -2.87387
Bitcoin price
Ethereum
Ethereum (ETH)
$3,338.22 -4.92725
Ethereum price
BNB
BNB (BNB)
$604.30 0.22029
BNB price
Solana
Solana (SOL)
$163.62 -6.53954
Solana price
XRP
XRP (XRP)
$0.5790990 -5.25414
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000257 -6.51333
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000062 -16.67337
Pepe price
Bonk
Bonk (BONK)
$0.0000189 -13.50499
Bonk price
Bitcoin
Bitcoin (BTC)
$68,207.00 -2.87387
Bitcoin price
Ethereum
Ethereum (ETH)
$3,338.22 -4.92725
Ethereum price
BNB
BNB (BNB)
$604.30 0.22029
BNB price
Solana
Solana (SOL)
$163.62 -6.53954
Solana price
XRP
XRP (XRP)
$0.5790990 -5.25414
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000257 -6.51333
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000062 -16.67337
Pepe price
Bonk
Bonk (BONK)
$0.0000189 -13.50499
Bonk price
Bitcoin
Bitcoin (BTC)
$68,207.00 -2.87387
Bitcoin price
Ethereum
Ethereum (ETH)
$3,338.22 -4.92725
Ethereum price
BNB
BNB (BNB)
$604.30 0.22029
BNB price
Solana
Solana (SOL)
$163.62 -6.53954
Solana price
XRP
XRP (XRP)
$0.5790990 -5.25414
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000257 -6.51333
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000062 -16.67337
Pepe price
Bonk
Bonk (BONK)
$0.0000189 -13.50499
Bonk price

DeFi TVL surpasses 22-month high as market goes bullish

defi-tvl-surpasses-22-month-high-as-market-goes-bullish
Edited by
News
DeFi TVL surpasses 22-month high as market goes bullish

The decentralized finance (DeFi) total value locked (TVL) has reached 22-month highs as the broader crypto market witnessed a notable surge. 

According to data provided by Defi Llama, the global DeFi TVL increased by $27.6 billion since Feb. 1 — rising from $59.44 billion to $87.12 billion at the time of writing — a level not seen since May 2022. 

DeFi TVL surpasses 22-month high as market goes bullish - 1
Defi TVL – Feb. 27 | Source: Defi Llama

Following the increase, the TVL of the leading defi protocol, Lido Finance, saw its value increase by 4% over the past 24 hours. Per Defi Llama, Lido Finance’s TVL is currently hovering at $31.87 billion followed by AAVE with a TVL of $9.24 billion.

Per a report on Feb. 26, Lido Staked Ether (stETH) overtook XRP’s market cap to become the sixth-largest cryptocurrency. stETH’s market cap is currently sitting at $31.27 billion. 

It’s important to note that the Ethereum blockchain is dominating the defi scene with a global TVL of $50.44 billion, according to Defi Llama. Protocols on Ethereum (ETH) have accumulated almost $15 million in fees over the past 24 hours, data shows. 

The surge in the defi TVL comes as the global crypto market capitalization recorded a 7.1% surge in the past 24 hours. According to data provided by CoinGecko, the total cryptocurrency market cap is standing at $2.23 trillion at the time of writing. 

Moreover, the total daily trading volume aggregated from all digital currencies listed on CoinGecko is hovering around $134.91 billion. 

Follow Us on Google News