Outside Source
The crypto and decentralized finance sectors have been growing at an impressive rate over the past month.
According to data provided by Defi Llama, the DeFi total value locked increased by roughly $47 billion over the last 30 days, reaching a 31-month high of $134.7 billion — this level was last seen in May 2022.
Moreover, the DeFi daily trading volume is currently sitting at $16 billion.
The leading DeFi and liquid staking protocol, Lido, saw its TVL surpass the $36 billion mark after a 50% surge in 30 days. AAVE, the top lending protocol, reached a $20.6 billion TVL, thanks to the 54% rally over the last month.
EigenLayer, the leading Ethereum-based restaking protocol, also registered a 64% increase in its TVL in the same timeframe, reaching $17.1 billion.
Ethereum’s (ETH) DeFi TVL surged to $72.9 billion, followed by TRON’s (TRX) $13.6 billion, according to DeFi Llama.
Matrixport analysts said on Nov. 29 that President-elect Donald Trump’s pro-crypto stance could fuel the DeFi space in the U.S. — Trump’s inauguration is scheduled for Jan. 20, 2025.
In addition to the DeFi sector, Bitcoin (BTC) and altcoins also registered a strong bullish momentum since the U.S. elections in November. According to data from CoinGecko, the global crypto market cap increased by $1.33 trillion in the last 30 days — currently sitting at an all-time high of $3.73 trillion.
Bitcoin currently has a 51.3% dominance over the broader crypto market, CoinGecko data shows.
The daily crypto trading volume is hovering at $418 billion.
This article first appeared at crypto.news
