The total value locked in decentralized finance (defi) has seen a significant increase of 133.8% over the past year, reaching $124.773 billion. In December, defi and onchain protocols generated over $1.5 billion in total revenue, with stablecoin issuers earning the most at $664.12 million. The top defi protocols have undergone a reshuffling, with Lido, Aave, Eigenlayer, Ether.fi, and Binance's Staked Ether protocol now leading the pack. Ethereum holds the majority of the defi market share at 54.82%, followed by Solana, Tron, and Bitcoin. This growth suggests a maturing market and sets the stage for future innovations and broader adoption in the defi space.



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