Ethereum

Solana

Jupiter

DeFi

Mantle

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/defi-sector-hits-historic-high-as-total-value-soars" rel="noopener noreferrer nofollow">DeFi Sector Hits Historic High as Total Value Soars</a><br></p>
<p style="text-align: justify">DeFi’s Total Value Locked (TVL) has soared to new heights, surpassing the $69 billion mark for the first time in 20 months, signaling a robust resurgence in decentralized finance activities across various blockchain networks. The TVL’s growth is particularly pronounced on Ethereum, with a 37% uptick in the past month alone, boosting the network’s TVL to approximately $41 billion. This progress coincides with Ether’s price surge as it approaches the $3,000 threshold, further fueled by Franklin Templeton’s application for a spot Ethereum ETF, stirring positive market sentiment.</p>
<h2 id="ethereum-dominates-defi-growth">Ethereum Dominates DeFi Growth</h2>
<p style="text-align: justify">Contributing to Ethereum’s success are protocols like EigenLayer, which have been pivotal in attracting significant value. The Ethereum network’s buoyancy is further reflected in the price ascension of tokens such as Lido (LDO), Arbitrum (ARB), and Mantle (MNT), with price hikes of 7% to 10% observed alongside broader ERC-20 token gains.</p>
<h2 id="solana-and-layer-2-solutions-witness-impressive-growth">Solana and Layer-2 Solutions Witness Impressive Growth</h2>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/solana-surpasses-ethereum-in-google-searches-for-the-first-time-in-2023" rel="noopener noreferrer nofollow">Solana</a>‘s TVL also made headlines, achieving a notable $1.90 billion early in February, indicating a 500% growth since October 2023, while Arbitrum, a Layer-2 solution for Ethereum, hit a record TVL of $2.9 billion. Protocol developments like Jupiter (JUP), Kamino, and Jito (JTO) on Solana, as well as GMX, Hyperliquid, and Camelot on Arbitrum, have been instrumental in these ecosystems’ expansion, suggesting a wider acceptance of Layer-2 solutions within DeFi.</p>
<p style="text-align: justify">Bitcoin, traditionally not a staple in DeFi, has also seen its TVL climb sharply to $927.5 million—a staggering 182.9% increase in just 30 days—owing to protocols like Merlins Seal, Lightning Network, and Thorchain. This uptrend represents Bitcoin’s growing influence in the decentralized finance space.</p>
<p style="text-align: justify">The collective escalation in TVL across diverse blockchain platforms underscores the evolution of DeFi into a multi-chain realm, highlighting the significance of interoperability and the broadening embrace of decentralized financial systems across various blockchain ecosystems.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/defi-sector-hits-historic-high-as-total-value-soars" rel="noopener noreferrer nofollow">DeFi Sector Hits Historic High as Total Value Soars</a></h5>

DeFi Sector Hits Historic High as Total Value Soars

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