The TVL of Ethereum liquidity re-pledging protocol has increased nearly 60 times within the year
With the significant increase in demand for pledged asset utility, Ethereum's liquidity re-pledging protocol TVL grew nearly 6,000% in 2024.
According to data from DefiLlama, on January 1st, the liquidity re-pledging TVL on the Ethereum network was about $284 million. By December 15th, this number had grown nearly 60 times to $17.26 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Decentralized RWA infrastructure project Infinite Galaxy Protocol officially launches Genesis Node sale
HyperLiquid co-founder: No external fundraising has been conducted, so there are no investor HYPE token unlocks
Santiment: Stablecoin yields decline, Ethereum may soon return to the $3,200 level
Data: Ethereum staking rate reaches 28.65%, Lido market share at 24.12%
Trending news
MoreCrypto prices
More
