DeFi Market Reaches New High with Ethereum Leading the Way

According to PANews, the total value locked (TVL) in decentralized finance (DeFi) has surpassed $153 billion, marking the highest level since May 2022. Ethereum continues to dominate the DeFi market, accounting for 59.5% of the TVL. Within Ethereum's ecosystem, the liquid staking protocol Lido and the lending platform Aave hold between $32 billion and $34 billion in assets. Solana's TVL has increased by 23% this month, reaching $12 billion, with protocols like Sanctum and Jupiter showing significant performance. Avalanche and Sui have also seen substantial growth, with TVL increases of 33% and 39%, respectively. In contrast, the Bitcoin DeFi ecosystem has experienced a modest rise of 9%, bringing its TVL to $6.2 billion.