TECH - DeFi Total Value Locked Zooms To $50B Blast Deposits And Solana-Based Protocols Drive Growth | Benzinga
DefiLlama data indicates that the total capital locked or staked across all decentralized finance (DeFi) protocols peaked at $49.6 billion, on Dec. 5, 2023. For the first time in six months, the value of underlying assets increased, and investors looked to secure a yield on their crypto holdings.
Also, transactional volume in the past 24-hours hit $4.4 billion. In November 2023, more than $5.4 billion changed hands on a single day — the highest since March 2023, CoinDesk reported.
In mid-October 2023, the sector experienced multiyear lows. Currently, it has increased by $15 billion from those levels.
Blast, a newly announced Layer 2 ...