• The total DeFi TVL has reached $47.94 billion, up by 3% in the past 24 hours.
• Lido Finance is the top protocol with a total TVL of $8.19 billion, up by almost 40% in the past 30 days.
• The top three gainers in the last 30 days are Lido, JustLend and Convex Finance, with 39.98%, 36.95% and 35.27% gains, respectively.
The decentralized finance (DeFi) sector has been growing steadily since the start of 2021, and the total value locked (TVL) aggregator, DeFi Llama, has reported that the total DeFi TVL has reached $47.94 billion, up by 3% in the past 24 hours and hitting a two-month-high. The current leader of DeFi protocols is Lido Finance, which has been leading since the early days of 2023. Lido’s TVL sits at $8.19 billion, up by almost 40% in the past 30 days and has gained 7.2% over the last week. The liquid staking protocol managed to knock MakerDAO off the top spot on Jan. 4.
When it comes to the top three gainers of the last 30 days, Lido, JustLend, and Convex Finance have seen the greatest increase in their TVLs with 39.98%, 36.95%, and 35.27% gains respectively. JustLend also saw the highest increase in the last seven days, with 16.09% growth. Meanwhile, MakerDAO, which is the second-largest protocol, has seen a 22.24% increase in its TVL in the past 30 days and currently sits at $7.21 billion, up by 1.64% in the past 24 hours.
Curve, which is a decentralized exchange (DEX), was one of the biggest losers in November 2022 when its TVL dropped from roughly $6 billion to $3.6 billion in a matter of days after the FTX collapse. However, it has managed to make a comeback and is now at $4.78 billion.
In conclusion, the DeFi sector has been steadily growing since the start of 2021 and has seen a significant increase in its TVL in the past month. Lido Finance takes the top spot with a total TVL of $8.19 billion, and JustLend, Convex Finance, and MakerDAO have also seen considerable gains in the past 30 days. Curve has also been able to make a strong comeback after its losses in November 2022, and its TVL is now back up to $4.78 billion.