Ethereum

Solana

Jupiter

DeFi

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/defi-sector-surges-with-record-high-total-value-locked/" data-wpel-link="internal">DeFi Sector Surges with Record High Total Value Locked</a> 
According to DefiLlama’s data, the Total Value Locked (TVL) in the decentralized <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude">finance</a> (<a href="https://coin-turk.com/defi-altcoin-kurucusundan-enflasyon-mujdesi-fiyat-yukselise-gecti" data-wpel-link="internal">DeFi</a>) sector has surpassed $69 billion, reaching its highest level in the last 20 months. This milestone, not seen since June 2022, indicates a significant revival in DeFi activity across various blockchain networks. 
<h2 style="text-align: justify" id="strong-ethereum-leads-the-increase-in-tvl-strong">Ethereum Leads the Increase in TVL</h2> 
The increase in TVL is particularly notable on Ethereum (ETH), where it has seen a 37% increase in the last 30 days, reaching approximately $41 billion at the time of writing. Protocols like EigenLayer have played a significant role in facilitating this influx of value to the Ethereum network. In parallel, the price of ETH has also shown a notable increase, aiming for the next price milestone of $3,000. The application for a spot Ethereum ETF by financial giant Franklin Templeton has further boosted market optimism. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-314928" src="https://coin-turk.com/wp-content/uploads/2024/02/DeFi-TVL.jpeg" alt="" width="2048" height="1149"> 
Tokens like Lido (LDO), Arbitrum (ARB), and Mantle (MNT) have seen increases ranging from 7% to 10%, along with significant price gains in several ERC-20 tokens. 
Alongside Ethereum, Solana (SOL) has also seen a notable increase in TVL, reaching a milestone of $1.90 billion in the first few days of February. This rise marks a significant surge not seen since mid-2022, with Solana’s TVL increasing by over 500% since October 2023 and 47% in January alone. Protocols like Jupiter (JUP), Kamino, and Jito (JTO) have been influential amid the cryptocurrency AirDrop frenzy, contributing to significant inflows into the Solana ecosystem. 
Furthermore, Arbitrum, a Layer-2 scaling solution for Ethereum, has seen a substantial increase in TVL, reaching an all-time high of $2.9 billion. Notable protocols such as GMX, Hyperliquid, and Camelot have contributed to this growth, underscoring the increasing adoption of Layer-2 solutions in the DeFi space. 
<h2 style="text-align: justify" id="strong-bitcoin-s-tvl-also-rises-strong">Bitcoin’s TVL Also Rises</h2> 
There has been a significant increase in the TVL of <a href="https://en.coin-turk.com/us-regulatory-actions-against-crypto-exchanges-drive-bitcoin-supply-eastward/" data-wpel-link="internal">Bitcoin</a> (BTC), typically not associated with DeFi, reaching $927.5 million. This represents an impressive 182.9% increase over the last 30 days. Protocols such as Merlins Seal, Lightning Network, and Thorchain have played a significant role in this growth, highlighting Bitcoin’s expanding role in decentralized finance. 
Overall, the increase in TVL across multiple blockchain networks indicates that DeFi has grown beyond its original roots in Ethereum to become a multi-chain phenomenon. This shift emphasizes the growing importance of interoperability and the widespread adoption of decentralized finance across various blockchain ecosystems. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/defi-sector-surges-with-record-high-total-value-locked/" data-wpel-link="internal">DeFi Sector Surges with Record High Total Value Locked</a></h5>

DeFi Sector Surges with Record High Total Value Locked

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