Bitcoin's Bull Run Continues with DeFi Market Boom 🚀💰
With Bitcoin surpassing $100,000, the DeFi (Decentralized Finance) market is also thriving, witnessing TVL (Total Value Locked) exceeding $200 billion, outpacing the 2021 “DeFi Summer.”
DeFi TVL Surpasses $200 Billion 🔝
Currently, around 60% of the TVL is attributed to Ethereum, which has seen over a 50% increase since September.
Spotlight on DeFi Project: Curve Finance 💡
Curve Finance has experienced a dramatic price surge of 3.8x in the last month. Experts regard it as a gateway to the DeFi ecosystem, enhancing liquidity.
Curve Finance and $deUSD Liquidity 🌊
Through Elixir, Curve Finance acts as a key liquidity hub for $deUSD created from $sBUIDL, benefiting from incoming capital tied to tokenized US treasury.
Emerging New Trends in DeFi 🌱
Notably, Ethena Labs' stablecoin $USDE has grown rapidly, surpassing $DAI’s market cap within just a year, highlighting the swift ascent of DeFi's market cap.
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