Defi TVL reaches 20-month highs with Ethereum dominating the scene

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The decentralized finance (defi) whole worth locked (TVL) has been continually rising for the reason that begin of the month and is getting near the $70 billion mark. 

In keeping with information supplied by Defi Llama, the worldwide defi TVL recorded a 22% surge over the previous two weeks and is presently standing at $68.99 billion. On Feb. 13, the TVL reached a 20-month excessive of $69.35 billion — a degree final seen in mid-June 2022.

Defi TVL reaches 20-month highs with Ethereum dominating the scene - 1
Defi TVL – Feb. 14 | Supply: Defi Llama

Per the information aggregator, there are presently 40 defi protocols with a TVL of over $500 million with Lido Finance main the listing with a TVL of $25.71 billion. 

The rising defi star of 2024 is EigenLayer with a six-times TVL improve over the previous six weeks. Per Defi Llama, EigenLayer’s TVL surged from $1.1 billion on Jan. 1 to $6.5 billion on the time of writing. 

Ethereum (ETH) continues to be dominating the scene with a TVL of $40.95 billion, in accordance with Defi Llama, adopted by Tron with a TVL of $8.79 billion.

On Jan. 31, Solana (SOL) flipped Ethereum when it comes to decentralized change (DEX) quantity — reaching $1.46 billion. 

Nevertheless, Defi Llama information exhibits that Ethereum gained the highest spot on Feb. 2 once more after Solana’s DEX quantity plunged beneath $900 million. 

Ethereum’s DEX quantity presently stands at $1.41 billion, per the information supplier, adopted by Solana’s $780 million DEX quantity. 

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