🚀 DeFi's total value locked (TVL) has surged to a whopping $108 billion, its highest since the Terra/Luna crash in May 2022, according to Matrixport. Despite a recent slowdown, the DeFi sector is showing signs of a strong rebound. 📈

Ethereum spot ETFs, unlikely to offer staking yield capabilities, have contributed to a $17 billion increase in TVL over the past week. The liquid staking protocol Lido has seen the most growth. This is great news for Ethereum!

DeFi dominance dipped to 3.63% after Uniswap received a Wells Notice from the SEC. However, the recent approval of Ethereum spot ETFs in the U.S has boosted the broader crypto landscape. Uniswap's daily trading volume soared to $1.39 billion, an 82.59% increase in just 24 hours!

ETH's price has risen over 25% in the past week, trading at $3,904. The regulatory victory has sparked bullish sentiment in ETH, with anticipation of institutional demand once Ethereum spot ETFs begin trading.

However, analysts caution that a significant breakout may not occur until there is more clarity on S-1 approvals and inflow data.

What are your thoughts on the DeFi rebound and the potential impact of Ethereum spot ETFs? Share in the comments! 💭