Ethereum's DeFi sector is experiencing a resurgence, fueled by renewed market enthusiasm following Donald Trump's election victory.
The full worth locked (TVL) in Ethereum's DeFi ecosystem has surpassed $80 billion, marking the very best degree in additional than two years.
These numbers come as key gamers like Aave and Uniswap additionally hit important milestones throughout this bullish wave. Their rising exercise highlights the rising enchantment of DeFi options as buyers and customers flock to platforms that provide progressive monetary instruments and alternatives.
Quantity recording
Uniswap set a brand new file for month-to-month Ethereum Layer 2 buying and selling quantity, reaching $38 billion in November – a 50% soar from October's $20.32 billion.
Information from Dune Analytics reveals that Arbitrum contributed the lion's share of $19.5 billion. It’s adopted by Base with $9.19 billion and Polygon with $4.33 billion.
In a November 27 social media publish, Uniswap Labs, the event workforce behind the platform, stated:
“Onchain historical past within the making. New all-time excessive for month-to-month L2 quantity on the Uniswap protocol.”
In the meantime, this success coincides with a big improve within the value of Uniswap's native UNI token. In keeping with fromcrypto information, the digital asset rose 10% within the final 24 hours, pushing its value to $12.84.
Including to the joy, Uniswap introduced a $15.5 million bug bounty program, the most important in DeFi historical past, to safe the upcoming v4 protocol. Platform stated:
“Greater than 500 researchers participated within the $2.35 million safety problem, and no important vulnerabilities have been discovered. As deployment approaches, we're taking the subsequent step to make sure v4 is as safe as doable with a $15.5 million bug bounty.”
Aave reaches new highs
Aave, the most important DeFi lending platform, has additionally reached a historic milestone.
In keeping with DeFiLlam, deposits on the platform have grown to $33 billion, a 230% improve for the reason that starting of the yr.
If Aave have been a US financial institution, this quantity places Aave within the prime 1.4% in deposits, surpassing main establishments like SoFi.
Stani Kulechov, founder and CEO of Aave, highlighted this progress as the start of a monetary revolution powered by decentralized platforms.
In the meantime, the expansion of the platform can be mirrored within the efficiency of its native token AAVE, which grew by 112% in 2024. fromcrypto's information, the token lately hit a one-year excessive of $210 earlier than settling at $200 at press time.
