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The boom di Ethereum alimenta la crescita dei token DeFi

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I principali token DeFi per capitalizzazione di mercato hanno visto un incremento del 14,8% nell’ultima giornata, nel mezzo dell’impennata del valore di Ethereum. 

On the other hand, the total value locked (TVL) in DeFi protocols has exceeded 100 billion dollars in the last 24 hours. Let’s see all the details below. 

Double-digit gains for the main DeFi tokens while Ethereum stands out in the market

As anticipated, the main DeFi tokens are capitalizing on today’s Ethereum surge, as the second largest crypto asset has recorded a 22% increase in the last day. 

Currently, the DeFi token market is valued at 101.76 billion dollars, marking an increase of 14.8% compared to yesterday. According to Coingecko, the ratio between DeFi and ETH on May 21, 2024, will be 22.4%.

In the last 24 hours, Lido (LDO) recorded the highest increase among DeFi tokens, with a rise of 36.6%, followed by redacted (BTRFLY) which marked a +31%. 

The moneta bounce (AUCTION) ha guadagnato il 28.5%, mentre Renzo (REZ) ha visto un aumento del 28.7% rispetto al dollaro statunitense. 

Among the top five DeFi tokens by market capitalization, Uniswap (UNI) led with an increase of 23.6% in the last 24 hours. Other significant gains include GRT, which grew by 11.4%, and MAKER, which recorded an increase of 13.6%. 

In other words, more than two dozen DeFi tokens have seen double-digit increases against the US dollar. The criptovalute DeFi market has seen a trading volume of 7.65 billion dollars out of a global volume of 205.67 billion dollars.

Record volumes and TVL through the roof

The highest volumes were recorded by LINK, ENA, PYTH, RUNE, and UNI. Additionally, the total value locked (TVL) in DeFi on May 21 exceeded 100 billion dollars.

According to Defillama.com, the TVL held in DeFi protocols on Tuesday is 106.01 billion dollars. Lido Finance showed the largest daily change among the top five protocols, with an increase of 22.26%. 

Out of the 106.01 billion dollars, the TVL of Lido represents 35.24 billion dollars. The Eigenlayer restaking protocol has seen an increase of 19.55%. It is estimated that 22.29 billion dollars are locked in decentralized exchange (DEX) platforms. 

DEX applications have also seen a significant increase in trading volume in the last day. The leaders in terms of volume include Uniswap, Jupiter, Pancakeswap, Curve, Balancer, Raydium, and Orca.

Uniswap recorded a trading volume of 3.16 billion dollars in the last day, Jupiter of 1.10 billion dollars and Curve of 686 million dollars in the last 24 hours. Additionally, the trading volume of DEX increased by 137.8% in the last 24 hours.

The rapid rise of Ethereum has triggered a renaissance in the DeFi sector, pushing tokens and protocols to new heights. This collective bull trend highlights the growing demand in the trustless financial services sector.

With the increase in trading volumes and the continuous growth of TVL, the DeFi ecosystem is steadily approaching the unprecedented levels recorded in November 2021.

 

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