Odaily Planet Daily News According to the DappRadar report, the TVL of DeFi applications increased by 17% month-on-month in May to US$192 billion, a monthly high since February 2022. The growth was mainly driven by the rise in ETH and increased trading activity. Despite the increase in TVL, the number of DeFi independent active wallets (UAW) fell by 21% to 1.75 million. Ethereum accounts for 68% of DeFi's overall TVL, reaching US$130 billion; Solana TVL ranks second with US$10.9 billion, accounting for 5.7%, a month-on-month increase of 14%. The report stated that the increase in TVL was mainly due to short-term speculation caused by the popularity of Ethereum ETF. (Cointelegraph)