DeFi Total Value Locked Surpasses $161 Billion as Lido and AAVE Gain
Leading DeFi protocols have gained significantly over the past month, driven by increased retail and institutional interest. The total value locked (TVL) in DeFi reached over $161 billion, the highest since April 2021, with Ethereum holding $97.6 billion and Solana at $11.4 billion.
Key Highlights
- Lido has grown from $30 billion to $42.5 billion, overtaking AAVE.
- AAVE increased by approximately $9 billion, reaching $41.1 billion.
- This influx indicates greater investor confidence in risk assets beyond Bitcoin and Ethereum.
- Historically, liquidity flow into leading protocols often precedes investment in smaller altcoins.
- Bitcoin dominance has declined to 57%, while Ethereum and low-cap altcoins have seen gains.
- Market sentiment remains above neutral despite bearish trends; clarity on US Fed rate cuts may boost risk assets.