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#Write2earn Manta CeDeFi Surges to $120M in TVL Amid Early Adoption Frenzy
#MANTA $MANTA #TotalValueLocked

Manta's new CeDeFi product has quickly garnered over $120 million in assets since its launch on May 19. According to DeFiLlama, Manta CeDeFi's total value locked (TVL) reached $121.5 million, boosted by a points program offering MANTA airdrops to early adopters.
Rapid Growth and User Concentration
While Manta CeDeFi has grown rapidly, its user base is concentrated, with two whale wallets contributing nearly $100 million. Manta is now the ninth-largest Ethereum Layer 2 network, with a TVL of $768 million.
Innovative Yield Strategies
Manta CeDeFi generates yields through both DeFi on the Manta Pacific chain and stablecoin arbitrage on centralized exchanges. Custody is managed by Ceffu (formerly Binance Custody), providing secure on-chain tokens for DeFi activities and mirrored assets for CeFi strategies.
Supported Assets and $MANTA Token Surge
Manta CeDeFi supports deposits in ETH, STONE, wBTC, BTCB, $USDT , $USDC , and wUSDM. The MANTA token recently surged 25% to $1.76, reflecting growing interest in the platform.
Stay updated with Manta CeDeFi’s progress and explore new financial opportunities in the evolving world of CeDeFi and DeFi.

#Write2earn #NEAR PROTOCOL EXCELS: LEADING IN USER RETENTION AND PERFORMANCE #NearProtocol #Layer1 #TotalValueLocked
$NEAR

NEAR Protocol (NEAR) celebrates significant milestones achieved by its vibrant community and dedicated developers. Notably, its primary cryptocurrency has emerged as one of the top performers in the past week. Impressively, over the last 12 months, NEAR Protocol (NEAR) has maintained the highest user retention rate among Layer 1 altcoins. Data from Artemis reveals a striking adoption rate of 9.53% for this blockchain, surpassing its competitors by a significant margin. In contrast, other platforms like Avalanche ( $AVAX ) and $BNB Chain struggle with lower long-term retention rates, with figures barely exceeding 8% and 7%, respectively.
Even major blockchains like Ethereum (ETH) and Tron (TRX) have fallen short, failing to achieve 5% user retention over the same 12-month period. Highlighting NEAR's growing ecosystem, DefiLlama statistics show 19 active DeFi applications on the NEAR Protocol (NEAR), boasting a combined Total Value Locked (TVL) of US$306 million. Leading the pack are platforms like Burrow, LiNEAR Protocol, and Meta Pool Near, operating in the decentralized lending and liquid staking sectors.
NEAR, the flagship cryptocurrency of the NEAR Protocol, has recently outshone its peers, earning the title of the best-performing major altcoin of the previous week, as per CoinGecko. Among the top 100 coins, NEAR secured the fifth position in terms of growth rate, surging by an impressive 26% in just seven days. This surge can be attributed to the exciting prospect of AI integration, a crucial element driving NEAR Protocol's potential in this dynamic landscape.

📈 DeFi's Resilient Comeback: Total Value Locked Hits $42 Billion! 🚀

Hey, it's Linkan! Just when you thought DeFi was cooling down, it's back with a vengeance. According to Binance News, the Total Value Locked (TVL) in DeFi protocols has soared to a new three-month high of $42 billion. Let's dive into what's driving this resurgence.

Swift Bounce back: Just two weeks ago, DeFi hit its lowest point since February 2021. The rapid recovery signals a robust and resilient market.

Investor Confidence: This surge could mark a bullish period for the DeFi space, indicating growing investor confidence despite recent market dips.

Beyond Traditional Finance: The rising TVL highlights the growing popularity of decentralized financial platforms, which are offering a wide array of financial services without the need for traditional intermediaries.

Poll:
Do you think the surge in DeFi's TVL is a sign of long-term growth or just a temporary spike?
📈 Long-term Growth
📉 Temporary Spike
Hashtags:
#DeFiComeback #BinanceSquare #TotalValueLocked #InvestorConfidence #decentralizedfinance
Disclaimer:

#Write2earn
Solana DEXs Outperform Ethereum with $54B in July
#solana #Ethereum #DEX #TotalValueLocked
$ETH $SOL

Solana’s decentralized exchanges (DEXs) processed $54 billion in trading volume in July, surpassing Ethereum’s $52 billion. This marks the first time Solana has overtaken Ethereum in on-chain volume, according to DefiLlama.

Solana's Rise to the Top
Solana vs. Ethereum
For the first time, Solana's DEXs exceeded Ethereum's in monthly trading volume. Solana processed $54 billion, while Ethereum managed $52 billion in July. Currently, 29% of DEX trades occur on Solana, with Ethereum close behind at 28%. Ethereum Layer 2 Arbitrum ranks third with $24 billion, followed by BSC at $17 billion, and Coinbase’s Ethereum Layer 2 Base with $15 billion.

Driving Factors Behind Solana's Success
Memecoins and New Tokens
A significant driver of Solana’s activity is memecoins. These new tokens are often issued on pump.fun, a platform enabling rapid creation of largely speculative coins. Over 17,100 tokens were created in one day, continuing a trend of high memecoin launches since March.

Leading Solana DEXs
Top Performers
Raydium leads Solana's DEXs with $1.08 billion in total value locked (TVL), followed by Drift at $400 million and Orca at $251 million. According to DefiLlama, Solana’s DEX sector handled $1.4 billion in 24-hour volume.

Overcoming Past Challenges
Network Issues and Reputation
Solana's journey has been challenging, marked by network congestion and halts, and a close association with convicted crypto figure Sam Bankman-Fried. Despite these issues, Solana began appearing regularly in the top 10 for DEX volume in mid-2022, surpassing Avalanche and Polygon in May 2022.

Significant Growth
Volume Surge
Solana’s most notable jump in DEX volume occurred in Q4 2023, rising to $28 billion from $880 million in September. If the memecoin trend continues, Solana might maintain its position among leading networks for the foreseeable future.

#Circle
@Circle USDC s native $USDC is coming soon to @Sui 🎉Additionally, Cross-Chain Transfer Protocol (#CCTP) will be launching on Sui, enabling developers to be able to build cross-chain flows from other chains (like @Solana, @Ethereum, and more).💥This is huge for the Sui community – $USDC is the largest regulated dollar-backed stablecoin in the industry.🥇And Sui is making history as the first #Move-based chain to have native $USDC – giving you an even better Sui experience, whether you’re using a dApp in DeFi, gaming, DePin, cross-border payments, commerce, and more.💪This partnership will also help further Sui’s leading position within #DeFi – currently #10 in the industry based on #TotalValueLocked – by making DeFi even more safe thanks to easy access to the most secure and robust on-chain digital dollars to the Sui community.😎 @Wormhole is also getting ready to ensure that you’ll be able to easily migrate to native USDC once the #stablecoin is live on the network.

POLYGON’S DEFI ECOSYSTEM REACHES $928M IN TOTAL VALUE LOCKED

Polygon's DeFi ecosystem is booming, with over $928 million in total value locked (TVL), according to DefiLlama. Major protocols like AAVE ($328M), Uniswap ($235M), and Quickswap ($127M) are driving this growth. Other notable platforms include SushiSwap and Balancer.

Polygon's low fees and scalability are attracting more DeFi projects. In the past 30 days, Uniswap's TVL increased by 5.74%, while Quickswap surged 23%. Despite a slight dip in AAVE's TVL, Polygon’s ecosystem continues expanding rapidly, solidifying its role as a key player in DeFi.

#Polygon #Write2earn #TotalValueLocked #DeFiLlama #Pol $POL