CandleFocus After Years of Fluctuations, DeFi TVL Recovers in 2024
2024-11-06
Author: Content Editor
The decentralized finance (DeFi) sector has experienced significant growth, with a surge in Total Value Locked (TVL) since the 'DeFi Summer' of 2020. However, changing market conditions and regulatory uncertainty caused variations in TVL. Now, in 2024, DeFi is experiencing a comeback with encouraging recovery indications and increased investment interest. DeFi TVL reached $192 billion in May 2024, a 17% increase from the previous month, showing a clear industry resurgence. The rise in TVL is attributed to the increasing value of important smart contract systems like Ethereum and Solana. The removal of limits on token restaking and institutional investments have also contributed to the growth. The integration of real-world apps and the ability to link with real-world assets have drawn attention from investors, bridging the gap between traditional finance and DeFi. The percentage of DeFi's TVL accounted for by real-world assets has increased significantly, with MakerDAO leading this trend.
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