Matrixport: DeFi's total locked volume surpasses ETH, which is a bullish signal for ETH
DeFi has been underperforming in this bull market, but after a brief consolidation, TVL has increased to $108 billion, reaching its highest level since the Luna/Terra crash in May 2021. As the probability of Ethereum ETF providing staking returns is small, TVL increased by $17 billion last week, with Lido being one of the beneficiaries. All in all, this is a bullish signal for ETH.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
NEAR Achieves Blockchain Sharding, Solving the Blockchain Trilemma
Analyst Forecasts 8,500% Surge for Cardano: Is $31 the Next Target?
The Lesser-Known Crypto Positioned for 150x Profits – Don’t Miss Out!
SBF’s Doctors Support Appeal Citing Autism and ADHD in Defense at Court, How Will Justice Play Out?