DeFi Market Reach $50 Billion in TVL

The DeFi market reached $50 billion with a $15 billion increase in the last six weeks, driven by Ethereum’s 42% surge and the contributions of Solana-based protocols, which saw gains of up to 120%.

The decentralized finance (DeFi) ecosystem has experienced a robust surge in the last six weeks, reaching a total locked value (TVL) of $50 billion.

Ethereum Surpasses the DeFi Market with Its Rise

Ethereum, providing significant returns in the DeFi sector, has gained attention with a 42% increase since October 13. With this performance, Ethereum has outpaced the overall 41% increase in the entire DeFi market. The transition of Ethereum to a proof-of-stake blockchain is noted as a significant factor in the market’s development.

Alongside this rise, pioneers in the liquid staking market, such as Lido and RocketPool, have achieved substantial gains. Currently, Lido offers an annual return of 3.7%, while RocketPool provides a 3.92% return rate.

Solana-Based Protocols Up to 120% Increases

The DeFi ecosystem has not only experienced notable growth on Ethereum but also witnessed significant expansion in Solana-based protocols. Protocols like Marjfi, Jito, and Marinade Finance have increased their total value locked (TVL) by 60% to 120% in the last 30 days.

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