• The total value locked (TVL) across DeFi projects has experienced a resurgence, currently valued at over $41 billion with approximately $1.6 billion in trading volume over the past day.
• Chainlink (LINK) is one of the biggest winners of the week, experiencing a more than 4% increase in value. Meanwhile, some smaller DeFi tokens have witnessed notable growth while others faced significant declines.
• Ethereum dominates with over 58% of the TVL market share, amounting to $24.38 billion.
DeFi Value Locked Reaches Nearly $42 Billion
The total value locked (TVL) across DeFi projects has experienced a resurgence after teetering below the $40 billion mark last week. According to data from DeFi TVL aggregator DefiLlama , the DeFi market cap is currently valued at over $41 billion, with approximately $1.6 billion in trading volume over the past day. The surge indicates a daily rise of around 6%, accompanied by a 6.39% increase in trade volume.
Notable Token Performances
Among the top DeFi tokens, Chainlink (LINK) has emerged as one of the biggest winners of the week, experiencing a more than 4% increase in value. However, other coins like Synthetix (SNX) and injective (INJ) have slipped by 2.70% and 3.36%, respectively, over the past week. Among smaller DeFi tokens, some witnessed notable growth while others faced significant declines During the previous week, Ellipsis (EPS) experienced a remarkable rise of 129% and Thorchain (RUNE) climbed by 49.29%. Conversely, Persistence (XPRT) plummeted by 12