5 months ago
Money marketplace Aave and liquid staking protocol Lido surpassed $70 cardinal successful nett deposits successful December for the archetypal time, according to data from TokenTerminal.
As of property time, the 2 largest DeFi protocols clasp a full $67.42 billion.
Aave leads with $34.3 cardinal successful deposits, conscionable $1.1 cardinal higher than Lido’s. The nett deposits directed astatine these 2 DeFi heavyweights correspond 45.5% of the $148 cardinal allocated to the 20 largest decentralized applications.
However, regarding full worth locked (TVL), Lido leads the DeFi ecosystem with $33.8 billion, with Aave coming successful 2nd with $20.6 billion. Net deposits correspond the full deposited successful a DeFi protocol, excluding fees and synthetic tokens, portion TVL is the full allocated crossed each assets.
Moreover, Lido and Aave are among the apical DeFi applications successful gross generation. Over the past 30 days, Aave’s gross grew 27.5% to $12.5 million, making it the 10th largest protocol.
Meanwhile, Lido registered $9.6 cardinal successful monthly revenue, fueled by a 24% maturation rate, securing the spot of the 12th largest DeFi exertion by revenue.
DeFi resurgence
The DeFi ecosystem has been registering a beardown show successful 2024. The sector’s full TVL soared 107%, reaching $185 cardinal arsenic of property clip and peaking astatine $212 cardinal connected Dec. 16. This is the archetypal clip the TVL has surpassed the $200 cardinal threshold.
Other metrics The trading measurement of decentralized exchanges reached caller records connected daily, weekly, and monthly timeframes. According to DefiLlama data, these protocols had a measurement of astir $380 cardinal successful November.
Furthermore, according to data from The Block, the ratio betwixt decentralized and centralized exchanges reached 13.9% successful October, the second-highest level successful history.
The lending marketplace besides grew, with progressive loans peaking astatine astir $21 cardinal this month, the highest monthly number. This inclination suggests that much users are comfy utilizing on-chain fiscal resources.
Additionally, the maturation successful progressive loans besides contributed to the stablecoin marketplace size, which is adjacent to $200 billion, arsenic per Artemis data. Users use their crypto holdings arsenic collateral and get stablecoins, adding liquidity to their stashes and increasing their crypto exposure.
The station Aave and Lido surpass $70 cardinal successful nett deposits appeared archetypal connected CryptoSlate.
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