DeFi

Jito

In recent weeks, decentralized finance (DeFi) protocols have been experiencing a notable surge, with the total value locked (TVL) increasing by $11.89 billion. 
The growth has brought the TVL to $94.974 billion today, May 18, as reported by defillama.com. However, one DeFi protocol, Perfectswap, did not perform as expected. The protocol saw a complete decline, with a 100% reduction in its TVL. 
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 <img decoding="async" src="https://lh7-us.googleusercontent.com/XwEyCeypDNWIVIdsEj7mE8M0eKy0UpJ-OGwf0sJd1zKuky94w--n_RoCQNhlU3kNqZa0rKmIFUDkeK_4UddyotNJCvb9Iqh331SRjlbzsZ9pP0tJYZmceMvhc0xvQu8vZa7xH6GFmkRkBm9GOw6pTSU" alt="XwEyCeypDNWIVIdsEj7mE8M0eKy0UpJ OGwf0sJd1zKuky94w">
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 Image Source: <a href="https://defillama.com/" target="_blank" rel="noopener">Defillama&nbsp;</a>
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Lido Finance, a DeFi protocol by TVL, currently holds around $29.21 billion. The DeFi protocol has increased by 1.49%.&nbsp; 
Another protocol, Eigenlayer, reported $15.40 billion today. Apart from these two major DeFi protocols, the rest of the protocols also saw increases in their TVL. MakerDAO’s rose by 7.95%, Justlend’s by 4.95%, and Aave’s increased by 9.22%. 
Other smaller protocols also showed positive records, with Zircuit staking by 74.64%, Etherfi at 28.92%, and Jito by 31.86%. However, this positive record in TVL is seen as a renewed confidence within the DeFi sector, thus suggesting market recovery. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/19/tethers-plan-for-p2p-financial-markets-terminal/">Tether’s Plan for P2P Financial Markets Terminal</a> 
</blockquote>

Defi TVL Hits $94.974B with $11.89B Increase

The Crypto Times

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