CandleFocus

DeFi TVL reaches 1-month high, leading protocols surge

The total value locked (TVL) in decentralized finance (DeFi) protocols has reached a one-month high as the broader crypto market recovers. The global DeFi TVL is currently at $87.3 billion, the highest since August 27. However, the weekly trading volume has declined by 2.2% over the past seven days, standing at $23 billion. The top 10 DeFi protocols have all recorded bullish momentum, with Lido's TVL surpassing $25 billion, AAVE's TVL reaching $12.4 billion, and EigenLayer securing the third spot with a TVL of $12.2 billion. The global crypto market cap also increased from $2.14 trillion to $2.31 trillion, with significant gains recorded on September 18 due to a cut in interest rates by the US Federal Reserve.

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