DefiLlama, a popular decentralized finance (DeFi) analytics platform, released data on November 4th that highlights the current state of the DeFi industry. DeFiLlama offers valuable information about various DeFi protocols, such as their total value locked (TVL), TVL growth, and individual protocol rankings.
The data can be useful for anyone interested in learning more about the rapidly growing DeFi ecosystem. Key findings from the DefiLlama data include:
1. Total Value Locked (TVL): TVL refers to the total value of assets locked up in DeFi protocols. This figure gives a snapshot of the overall health and adoption of the DeFi ecosystem.
As of November 4th, the total TVL across all DeFi protocols was $233.3 billion. This is a significant increase from the $17.6 billion TVL recorded in January 2021, demonstrating the rapid growth and adoption of DeFi protocols. 2. TVL Growth: The TVL growth rate shows how fast the total value locked in DeFi protocols is increasing.
As of November 4th, the TVL growth rate was 12.74%, indicating that the value locked in DeFi protocols is growing at a steady pace. 3. Protocol Rankings: DeFiLlama also provides rankings for individual DeFi protocols based on their TVL. The top four protocols in terms of TVL were Aave, Compound, Uniswap, and Maker.
These rankings provide a snapshot of the most popular and sought-after DeFi protocols in the industry. 4. DeFi Categories: DeFiLlama also categorizes DeFi protocols into various categories, such as lending, trading, and stablecoins. This information can help users better understand the different types of DeFi protocols available and their respective use cases.
In summary, the DefiLlama data released on November 4th provides valuable insights into the current state of the DeFi industry. With a total TVL of $233.3 billion and a steady growth rate, the DeFi ecosystem continues to grow and attract new users. The data also highlights the most popular DeFi protocols and their respective categories, offering a snapshot of the diverse range of options available within the DeFi space.
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<p>The post DefiLlama Reveals New DeFi Data on November 4th: BlockBeats News first appeared on CoinBuzzFeed.</p>