This year Decentralized Finance (DeFi) market set off to a solid start. The recent crypto market bullish outburst helped DeFi to regain its total value locked (TVL). For the first time after the FTX collapse, the DeFi TVL reached a $50 billion market cap in the second week of February.
During November 2022, the DeFi TVL fell nearly $50 billion, as per data. At press time DeFi TVL recorded an all-time high for the past few months. The DeFi market regained its TVL due to a price rally by Bitcoin and other altcoins. On Thursday, TVL earned nearly $51.1 billion, $8.78 billion held by Lido. The largest Defi market, Lido, recorded its TVL reaching $8.8 billion.
On Feb 16, Ethereum rose by 6.5%, BNB increased by 4.2%, Cardano rose by 2.4%, and Polygon increased by 8.3%, as per DefiLlama data. And another top DeFi performer was Solana, with a 3.9% increase. The total volume in Defi is $5.51 billion, 12.87% of the total crypto market, and the volume of all stablecoins is $38.01 billion, according to CoinMarketCap.
Recently ViktorDeFi, a researcher, tweeted, “DeFi prediction markets are arguably the most underrated crypto theses for 2023.” Ethereum blockchain, with a $42.36 billion amount of TVL, showed an increase of 25% from Dec 2022.
Is SEC crypto staking will impact DeFi
I le aso 9 o Fepuari, na molia ai e le US regulator Securities and Exchange Commission (SEC), Kraken i le solia o tulafono a le malo. I le tali atu, na malilie le fefaʻatauaʻiga o le crypto e tapunia lana tautua faʻatau ma totogi le $ 30 miliona i faʻasalaga e foia ai le mataupu, na lipotia e le lala sooupu i le Aso Tofi.
E tusa ai ma le saunoaga a Lido, o le ulu o le atinaʻeina o pisinisi a le DAO, o le faʻafuaseʻi o le taofiofia o le crypto staking e le US securities regulator e ono i ai ni taunuuga e leʻi mafaufauina mo DeFi. I le aso 13 o Fepuari, na taʻua ai e Jacob Blish i se lipoti a Bloomberg, "O le mea sili ona lamatia ou te vaʻaia patino o se tagata e faʻavae i Amerika pe a latou o mai i lalo ma fai mai e le mafai ona e fegalegaleai ma nei ituaiga o faʻasalalauga."
O le vaiaso na teʻa nei na tuʻuina atu ai e le Financial Stability Board (FSB) se lipoti e uiga i tulaga lamatia tau tupe i luga ole DeFi platforms. E tusa ai ma le lipoti, DeFi e talitutusa lava ma tupe masani e tusa ai ma ana galuega poʻo aʻafiaga e aʻafia ai. Fai mai le FSB, o uiga tulaga ese o DeFi atonu e mafua mai i nei faaletonu e pei o le "Faʻaletonu o le gaioiga, faʻaletupe ma le matua le fetaui, leverage ma fesoʻotaʻiga.
Nancy J. Allen o se tagata e fiafia tele i le crypto ma e talitonu o le crypto tupe e faʻaosofia ai tagata e avea ma a latou lava faletupe ma laa ese mai faiga masani o fefaʻatauaiga o tupe. E fiafia foi o ia i tekinolosi poloka poloka ma lona gaioiga.
Source: https://www.thecoinrepublic.com/2023/02/19/defi-tvl-recovered-its-50-billion-market-lido-with-highest-tvl/