Decentralized finance (Defi) has gained immense traction in the past decade. The current Total Value Locked (TVL) in the defi market stands at an impressive $49.31 billion, marking a 1% increase from the previous 24 hours. Leading the pack is Lido Finance with 24.82% of the share, accounting for $12.24 billion. Following closely behind is Makerdao, Aave, Curve Finance, and Uniswap, with the latter having a respectable 3.48% gain over the past month. The Ethereum blockchain has the highest influencer with its $28.66 billion accounting for 58% of the total value locked in defi. Next up is Tron, BSC, Arbitrum, and Polygon, with the latter recording a month-long gain of 9.98%. Additionally, there is an impressive $16.416 billion (8550,940 ETH) worth of ETH locked in the liquid staking platforms today.

Furthermore, there are more associated protocols belonging to Ethereum (771) than any other candidates on the list. Yielding a user base of 2,538,896, Tron follows a distant second but has the highest participants on the list. The defi market is showing signs of improvement, but is yet to beat its previous record of $53 billion. Though the journey to reach all-time highs is still distant, the bullish momentum in the market gives confidence that it just might be achievable in the near future.



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