The total value locked (TVL) of decentralized finance (defi) has been increasing steadily since the beginning of the month and is approaching the $70 billion mark.
According to data provided by Defi Llama, the global defi TVL recorded a 22% increase in the last two weeks and currently stands at $68.99 billion. On February 13, TVL hit a 20-month high of $69.35 billion, a level last seen in mid-June 2022.
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According to the data aggregator, there are currently 40 defi protocols with a TVL of over $500 million, with Lido Finance leading the list with a TVL of $25.71 billion.
The rising defi star of 2024 is EigenLayer with a six-fold TVL increase in the last six weeks. According to Defi Llama, EigenLayer's TVL increased from $1.1 billion on January 1 to $6.5 billion at the time of writing.
ethereum (eth) continues to dominate the scene with a TVL of $40.95 billion, according to Defi Llama, followed by Tron with a TVL of $8.79 billion.
On January 31, Solana (SOL) surpassed ethereum in terms of decentralized exchange (DEX) volume, reaching $1.46 billion.
However, data from Defi Llama shows that ethereum regained the top spot on February 2 after Solana DEX volume fell below $900 million.
ethereum's DEX volume currently stands at $1.41 billion, according to the data provider, followed by Solana's $780 million DEX volume.
