money market ghost and liquid stacking protocol Lido In December, net deposits reportedly surpassed $70 billion for the first time data From TokenTerminal.
As of press time, the two largest DeFi protocols have a combined $67.42 billion.
ghost It is leading with 34.3 billion dollars in deposits, which is only 1.1 billion dollars more than Lido. Net deposits allocated to these two DeFi heavyweights accounted for 45.5% of the $148 billion allocated to the 20 largest decentralized applications.
However, in terms of Total Locked Value (TVL), Lido leads the DeFi ecosystem with $33.8 billion, followed by Aave at $20.6 billion. Net deposits represent the total deposited into a DeFi protocol, excluding fees and synthetic tokens, while TVL is the total allocated across all assets.
In addition, Lido and Aave are among the top DeFi programs in revenue generation. Over the past 30 days, Aave's revenue grew by 27.5% to $12.5 million, making it the 10th largest protocol.
Lido, meanwhile, posted monthly revenue of $9.6 million, up 24%, securing its spot as the 12th largest DeFi app by revenue.
The resurgence of DeFi
The DeFi ecosystem has recorded strong performance in 2024. The sum of this section TVL soared 107%, to $185 billion at the time of publication and to a peak of $212 billion on December 16. This is the first time TVL has crossed the $200 billion mark.
Other metrics The volume of transactions of decentralized exchanges reached new records in daily, weekly and monthly time frames. According to DefiLlama data, these protocols had a volume of about 380 billion dollars in November.
In addition, According to the data From The Block, the ratio between decentralized and centralized exchanges reached 13.9% in October, the second highest level in history.
The lending market also grew, with active loans peaking at nearly $21 billion this month, a monthly high. This trend shows that more users are comfortable using blockchain finance.
In addition, active lending growth has also contributed to the stablecoin market size, which according to Artemis is close to $200 billion. data. Users pledge their crypto holdings and borrow stablecoins, adding liquidity to their holdings and increasing their cryptocurrency exposure.
