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DeFi's 30-Day Surge Sees TVL Grow by $9.3 Billion, Rocket Pool Takes the Lead
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DeFi's 30-Day Surge Sees TVL Grow by $9.3 Billion, Rocket Pool Takes the Lead

Nov 20, 2023

Around 32 days ago, the total value locked (TVL) within the decentralized finance (DeFi) sector amounted to approximately $36.38 billion. Since then, it has surged by $9.3 billion, reaching the current level of $45.68 billion. This signifies a significant increase of roughly 25.56% in the past month. Data indicates that all of the top ten DeFi protocols in terms of TVL have witnessed growth over the last month, with Rocket Pool leading the way with an impressive surge of 26.94%.

As of November 19, 2023, Rocket Pool has exceeded a TVL of $2 billion, with more than 1.02 million Ether committed to its liquid staking platform. Leading the DeFi landscape this weekend is Lido, showcasing its dominant position with an impressive 8.98 million staked Ether and a TVL hovering at approximately $17.71 billion.

Over the course of the past month, Lido has witnessed a substantial 21.76% increase in its TVL. The second-largest in terms of TVL size is MakerDAO, with $8.14 billion locked, registering a 3.28% growth over the same period. Tron's Justlend follows as the third-largest DeFi protocol by TVL, currently standing at $5.931 billion. This lending protocol has seen a notable 22.93% increase in TVL this month.

As of November 19, in the DeFi sector, Ethereum holds 54% of the total value locked (TVL), while Tron has 17.98%. Binance Smart Chain (BSC) has about 6.47%, and Arbitrum holds 4.56%. Ethereum's TVL has surged by 32.59% this month, with Tron experiencing a 21.92% increase. BSC grew by 11.96%, and Arbitrum saw a 27.11% increase.

Key platforms include Lido, STRX, and Binance Staked for liquid staking. MakerDAO, Juststables, and Helio are prominent Collateral Debt Position (CDP) protocols. Top lenders are Aave, Justlend, and Venus Core, while MakerDAO, Stusdt, and Solv v2 lead in Real-World Asset (RWA) protocols. The top decentralized exchanges (DEXes) are Uniswap, Pancakeswap, and Thorchain.

DeFi has seen substantial growth, with Ethereum's dominance and progress by other blockchains like Tron showcasing diversification. The duration of this upward trend and TVL reclaiming past peak levels remain uncertain.

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