The closed value “TVL” in decentralized finance contracts reaches a new peak… Learn about its largest contributors
The content site is one of the sites that provide the service of answering general questions and solving puzzles and crossword puzzles
Where the content site is primarily interested in answering your questions in all areas, including solving puzzles and crossword puzzles
Answer The closed value “TVL” in decentralized finance contracts reaches a new peak… Learn about its largest contributors
The DeFi sector rose strongly in October after a month-long market lull.
The latest charts show all-time highs of liquidity stored in decentralized finance protocols.
The closing total value (in dollars) created a new peak after rising above $236 billion on October 26.
according to Flame defyingThe closing value numbers have maintained a steady uptrend over the past month.
In addition to the broader cryptocurrency world, decentralized finance has been going through a very bullish month.
Ethereum bounces back:
The Ethereum-based decentralized finance protocol (TVL) has locked in value to more than $160 billion this week.
Read:Twitter founder tests the new decentralized social application “Bluesky” to compete with Twitter “Elon Musk”!
In fact, these levels were last seen on September 6th.
Lending and Decentralized Exchange (DEX) platforms on the Ethereum network continue to attract intense activity.
Notably, although lending continued to drive more inflows, it was the indices of the DEX that registered the largest participation in recent weeks.
Thus, the recent surge indicated an increased level of confidence and interest which could spur higher inflows in the coming days.
Fantom catches up:
It is not the only Ethereum project that is contributing significantly to the growth of the TVL Locked-For Decentralized Finance.
The “Fantom” project, for example, managed to create an environment and system that attracted many start-ups.
The outburst of positive news by the “Fantom” project was reflected in the price movement of the project’s original digital currency FTM.
Currently, the digital currency FTM occupies the 27th position, as its price recorded a new high at $3.33.
The Solana project also emerged recently, and the closed value of the projects built on it rose to 14 billion dollars before declining to its current levels at 12.46 billion dollars.
The largest contributor to the closed value of decentralized finance projects was the “Marinade Finance” project, which received great attention in the recent period and contributed more than 1.45 billion dollars in the closed value.
Read:Security experts help salvage a portion of the stolen Ethereum coins
Read also:
In this way…Adobe, in partnership with the leading NFT platforms, intends to preserve the rights to the content
Robinhood Crypto Transaction Revenue Dropped Almost 80% in Q3
And you can ask questions on the content site through the word “Ask a question” at the top of the site, where we answer your questions in a short time