The flow of money into Bitcoin, Ethereum, Hyperliquid, and liquidity restaking is reaching record levels.
On December 17, 2024, the flow of money into Bitcoin, Ethereum, Hyperliquid, and liquidity restaking is at a record level. Bitcoin has reached an all-time high of over $105,000, Ethereum has seen strong growth with a 20% increase in the past week, trading around $3,904. The inflow into Bitcoin and Ethereum ETF funds has also reached unprecedented levels, with $6.5 billion into the Bitcoin ETF and $1.1 billion into the Ethereum ETF in November. Hyperliquid, a major DeFi platform, has achieved a TVL of $3.19 billion thanks to new trading incentives and developments in the derivatives space. The liquidity restaking activity has also surged, with TVL increasing over 6,000% to over $17 billion in 2024. The total TVL of the DeFi market has surpassed $140 billion, the highest since April 2022. This increase is driven by the bull market of 2024 and growing investor confidence. Notably, the TVL of Ethereum has risen sharply, reflecting a strong recovery of confidence in this cryptocurrency.