As the crypto markets show signs of rebounding, DeFi protocols will see their TVL go up. Several projects have an exciting increase on this front. It is a matter of time until various protocols command over $20 billion in Total Value Locked.
No one is surprised to see an overall demand for liquid staking increase. Whether one prefers Ethereum, Solana, or Terra, Lido has users covered across the board. Moreover, liquid staking is a powerful option to maintain liquidity and explore double or triple-yield farming opportunities. This week, Lido noted a 15.6% increase in TVL, bringing its total to over $19.3 billion.
Although Aave was once a leading DeFi project by TVL, things have changed quite a bit. Various competitors have displaced the protocol, pushing Aave down the rankings. However, a 9.27% weekly TVL increase shows things may change in the future. In addition, the protocol closes in on $15 billion in TVL again, closing down the gap to Anchor to just under $500 million.
Due to liquidity provision incentives, decentralized exchanges and trading platforms are always of keen interest. Users can easily lock up liquidity and start earning trading fees right away. PancakeSwap gains momentum on the TVL front thanks to a weekly 12.5% increase. It is interesting to see the platform try and play catch-up with Uniswap.
The Neutrino DeFi protocol may not necessarily ring a bell for most. However, it provides an algorithmic price-stable assetizaton solution letting users create stablecoins pegged to real-world assets or cryptocurrencies. There is a strong interest in this approach, pushing up Neutrino’s TVL by over 83% this week. The protocol represents over $3.3 billion in TVL today.
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